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RV Park/Campground Details

  • Price: $2,950,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.3% (Actual)
  • Listing ID: 6876086
  • Posted On: Apr 24, 2025
  • Updated On: Apr 24, 2025

Description

RV park. Nestled across from the majestic Mt. Scott and less than 300 yards to the waters of Lake Lawtonka. This remarkable 7.67-acre property, open year-round, boasts concrete roads and pads, providing a durable and low-maintenance infrastructure. Property includes 64 pad sites, 4 over-flow sites, 600 sf Airbnb, a 2360 sf clubhouse and a swimming pool. Robust gross income of $280,600 and net income of $185,116 delivering a 6.3% CAP rate, this property ensures substantial return. The park operates on an aerobic septic system and each site is individually metered for electricity. Guests are billed through the park with a meter reading fee, enhancing operational efficiency. Additionally, the park offers convenient on-site washers and dryers. Most guests are long-term residents on month-to-month leases, contributing to stable occupancy and consistent revenue generation. Property also has room to increase in the monthly revenue with average long term trailer space rental in Comanche County $460 so growth potential is likely. Contact Chuck at Cummins-Setters Commercial Partners. Request an NDA for property.

Location

On State Highway 58 in the Shadow of Mt. Scott

Amenities

  • Laundromat
  • Pool
  • Club House
  • Manager Office
  • Wifi
  • Fitness Center
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Park Information

Number of RV Lots: 64
Year Built: 2006
Average RV Lot Rent: $350
Size: 7.0 acre(s)

Financial Information (Actual)

Gross Income: $280,600
Operating Expense: $77,952
Net Operating Income: $185,116
Expense Ratio: 27.8 %

Utility Information

Water: City
Sewer: Septic

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