Contact Information

RV Park/Campground Details

  • Price: $1,300,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.9%
  • Listing ID: 6772804
  • Posted On: Nov 19, 2024
  • Updated On: Nov 19, 2024

Description

PONCA CITY RV PARK Welcome to Ponca City RV Park, a beautifully maintained owner-operator RV park in Ponca City, Oklahoma. Located at 1017 N Waverly Street, this park offers an excellent opportunity for investors and entrepreneurs looking to capitalize on the growing demand for RV travel and long-term stay options. Situated on 15.53 acres of land, Ponca City RV Park features 34 total units, including oversized concrete pads, large pull-through pads, super spaces with a shared covered Gazebo, and a small apartment. All units are individually metered for electricity, ensuring convenience and efficiency for both guests and the park management. With an average occupancy rate of 73%+ for 2021 & 2022 and a current net operating income (NOI) of $95,444,855, the park provides a solid foundation for a profitable investment. Additionally, there is ample potential for expansion and the development of additional revenue streams, offering a promising opportunity to maximize returns. In addition to its attractive financials, Ponca City RV Park benefits from its prime location in Kay County. The surrounding area boasts a growing population with a median household income of $41,552 (within a 1-mile radius) and ample amenities nearby. Don't miss the chance to own and operate Ponca City RV Park. Invest in the thriving RV industry and seize the opportunity with Ponca City RV Park- your passport to success in the lucrative world of RV park ownership.

The Seller is not interested in any kind of Seller Financing terms.

Location

11 Pull Through Concrete Pads

4 Super Spaces with shared Gazebo

1 Studio apartment

Clubhouse with 2 Offices

Coin Operated Laundry and 2 Showers

Gross Income of $160K plus for 2023

Separate RV Entrance

Community Pavilion

Dog Park

Ample Parking

Near City Municipal Center (GYM)

Average occupancy of 73%+ for 2021 & 2022

Room for park expansion

Great reputation and history of excellent customer service

4.4 stars on Google Reviews

Amenities

  • Laundromat
  • Club House
  • Manager Office
  • Bathhouse
  • Store
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 34
Year Built: 2016
Average RV Lot Rent: $650
Size: 15.5 acre(s)

Financial Information (Pro Forma)

Gross Income: $277,200
Operating Expense: $83,160
Net Operating Income: $194,040
Expense Ratio: 30.0 %

Utility Information

Water: City
Sewer: City

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