Marina for Sale: Oklahoma RV Park with Entitled Marina Development Upside – Confidential Offering ID: SM54
Overview
Confidential Midwest Existing RV Resort with Marina Development Upside - Offering ID: SM54
This is a rare opportunity to acquire a profitable RV resort with massive, entitled expansion upside in proximity to major Oklahoma metro areas. Value-add upside includes entitlements to build a 200-slip marina development, up to 600 FHU RV sites, and a waterfront restaurant.
The existing income-producing facilities include 80+/- RV sites, 10+/ primitive tent sites, retail, paddle craft rentals, and expansive high-end, fee-based resort-style amenities. All improvements are in excellent condition, with no deferred maintenance.
The facility operates on long-term USACE leasehold land, and benefits from proximity to major Oklahoma population centers.
In addition to the existing cash flow from in-place income producing improvements, there are many expansion entitlements that come with this project, and many have already been pre-approved by the USACE.
Local Broker Of Record:
Dusty Burchfield
Burchfield Commercial Real Estate
7725 West Reno Avenue #398
Oklahoma City, OK 73127
Marina Investment & Marketing Adviser:
George Ash
SIMPLY MARINAS
4000 Ponce De Leon Blvd, Suite 470
Coral Gables, FL 33146
Highlights
- Massive, Entitled Expansion Potential
- USACE lease include entitlements to build:
- 200-slip marina
- 600 FHU RV sites
- 150 cabins
- Waterfront restaurant
- Existing Facilities
- 80+/- RV Site
- 10+/- tent sites with no hookups
- Office building
- Keypad operated entry arm gate system
- Paved access roads
- Boat Launch
- Expansive, fee-based, resort-style amenities
The Opportunity
The value-add upside opportunities, granted by the current USACE lease, include entitlements to build a 200-slip marina (150 rental slips & 50 courtesy slips), up to 600 FHU RV sites, up to 150 cabins, a waterfront restaurant, and additional guest amenities (bathhouses, administrative buildings, etc.).
The existing facilities provide a popular, in-place draw that will bolster lease stabilization of future expansion projects. Marina expansion will be an obvious compliment to the going concern business. The resort-like atmosphere and RV campground facilities will position the subject property as a superior marina facility on the lake.
The Sellers have completed much of the required preliminary documentation work (plans, studies, etc.) necessary to implement the marina development, the cabin development, and the RV expansion. Related files will be provided to qualified prospective buyers.
Contact us for a complimentary strategic consultation and preliminary valuation.
