918 Wood DrOkmulgee, OK 74447

For Sale
$400,000
14-key hotel, strong cash flow potential

Overview

Added:
Dec 11, 2024
Days on market:
126
This 14-key, independently branded economy hotel in Okmulgee, Oklahoma, presents a compelling value-add investment opportunity. Located at 918 S Wood Dr, Okmulgee, OK 74447, this single-story, exterior-corridor property sits on a 0.24-acre lot and includes 25 parking spaces. Built in 1943 and renovated in 2022, the hotel is zoned C/I and offers significant upside potential. The property is being sold free and clear of debt and management agreements, allowing for immediate operational control and strategic repositioning. Its proximity to key demand generators such as Tinker Air Force Base, Integris Health, the University of Oklahoma, and Oklahoma State University, ensures a consistent stream of potential guests. The asking price of $400,000 represents a substantial discount to replacement cost, given current construction expenses. This presents a unique chance to acquire a well-located asset with immediate cash flow and significant long-term growth prospects. The property's existing infrastructure and recent renovations provide a solid foundation for a new owner to implement their vision and maximize profitability. This is an exceptional opportunity for investors seeking a value-add play in the Oklahoma hospitality market.

Highlights

  • 14-key economy hotel in Okmulgee, OK, on a 0.24-acre lot with 25 parking spaces.
  • Single-story, exterior-corridor building, renovated in 2022.
  • $400,000 asking price, debt-free, offering immediate operational control.
  • Located near Tinker AFB, Integris Health, OU, and OSU, ensuring strong demand.

Property Details for 918 Wood Dr

Property type
Hospitality properties, Motels
Year Built/Renovated
1943/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Okmulgee
County
Okmulgee
State
Oklahoma
Latitude
35.614051415042
Longitude
-95.962245455339
918 Wood Dr, Okmulgee, Oklahoma

FAQs

What type of property is this?
Hospitality property - 14-key hotel, strong cash flow potential
Where is the hospitality property located?
The property is located at 918 Wood Dr Okmulgee, OK.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 14-key economy hotel in Okmulgee, OK, on a 0.24-acre lot with 25 parking spaces.; Single-story, exterior-corridor building, renovated in 2022.; $400,000 asking price, debt-free, offering immediate operational control.
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918 Wood Dr
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