For Sale
$2,300,000

17220 Us-62 Morris, OK 74445

99.5 Acres, 29 RV Sites, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 99.5-acre property in Okmulgee County, Oklahoma, presents a lucrative investment opportunity. The established Morris RV Park boasts 29 RV spaces with potential for expansion, generating a substantial net operating income (NOI) of $135,000. The park features modern utilities installed less than five years ago, including power and water hookups at each site, accommodating various RV types. Beyond the RV park, the property includes a two-bedroom, one-bathroom rental home with new central heating and air, a spacious 40x40 shop, a laundry room, dog park, picnic area, horse arena, and a five-stall horse barn. A three-bay storage unit is also included, capable of housing Class A motor coaches. An interactive website further enhances the park's operational efficiency. The property benefits from 10 acres of highway frontage on US-62, ensuring high visibility and convenient access. The expansive acreage offers significant potential for future development, including additional RV sites, residential units, or storage facilities. The property is served by East Central Electric and Rural Water District #4, with three septic tanks and a lagoon providing efficient waste management. The property is zoned AG and is offered as a 1031 exchange opportunity. The asking price is $2,300,000, representing a land value of $12,500 per acre. Recent water infrastructure improvements in the area include a new 250,000-gallon elevated water tank, a new duplex pump station, and extensive waterline upgrades.

Highlights

  • $135,000 Net Operating Income (NOI) in 2023 from RV park, rental properties, and cattle sales.
  • On-site RV park management.
  • Three septic tanks servicing the RV park.
  • Septic system and lateral lines for the small house.
  • Aerobic septic system for the manufactured home.
  • Served by East Central Electric for electricity.

Property Details for 17220 Us-62

Property type
Mobile home & RV parks, Mixed-use properties
Year Built
2019
Lot Size (sq. ft)
4,334,220 SF

Location Insight

City
Morris
County
Okmulgee
State
Oklahoma
Latitude
35.609743932945
Longitude
-95.886846121507
17220 Us-62, Morris, Oklahoma

FAQs

What type of property is this?
Mobile home & RV park - 99.5 Acres, 29 RV Sites, High NOI
Where is the mobile home & rv park located?
The property is located at 17220 Us-62 Morris, OK.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: $135,000 Net Operating Income (NOI) in 2023 from RV park, rental properties, and cattle sales.; On-site RV park management.; Three septic tanks servicing the RV park.
How can I contact the broker?
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17220 Us-62
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