RV Park/Campground Details

Purchase Method: Cash, Seller Financing, New Loan
Cap Rate: 5.1%
Listing ID: 1714808
Posted On: Jul 18, 2022
Updated On: Nov 15, 2022

Description

Very Clean 52 Unit RV Park off of 2 Highways (US-177 and SH-60) in Ponca City average 15k gross sales, just minutes from the Ponca City Refinery, Osage Casino and the Arkansas River. Plenty of room for expansion with almost 11 Acres on city sewer and public water with Laundry/Office building at the front of the complex with grills and horseshoe area, complete with showers and public bathrooms. Dog Park and playground are well kept for guests and multiple grills and picnic tables across park for guests. There are 2 other buildings on site, one is 700SQFT is used a maintenance building and the 1200SQFT building is ready to be finished out as office or park manager housing in fenced yard. Ability for RV mechanic to be onsite or whatever operator decides. This RV Park is freshly graveled and ready for a new owner that can take over this cash flowing property.

Location

Ponca City is a city in Kay County in the U.S. state of Oklahoma. The city was named after the Ponca tribe. Ponca City had a population of 24,424 in the 2020 census. The nearby Ponca City Refinery is the largest refinery in Oklahoma and processes a mixture of light, medium, and heavy crude oils. Most of the crude oil processed is received by pipeline from Oklahoma, Texas, and Canada. Infrastructure improvements have enabled the delivery of increased volumes of locally produced advantaged crude oil by pipeline and truck. The refinery is a high-conversion facility that produces a full range of products, including gasoline, diesel, aviation fuels, and liquefied petroleum gas. There are many landmarks in the area including 101 Ranch Memorial, Cann Memorial Botanical Gardens, Conoco Museum, Kaw Lake, Lake Ponca, Lew Wentz Public Pool and Golf Course, Marland Grand Home, E. W. Marland Mansion, Ponca Tribe headquarters, and Standing Bear Memorial. The Ponca City region receives electricity generated hydroelectrically at Kaw Lake, a United States Army Corps of Engineers project. Ponca City Regional Airport is located on the northwest side of Ponca City.