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RV Park

Elk City / Clinton KOA Journey

21167 U.S. Rt. 66, Foss, OK 73647

Listing Price: $1,900,000

Cap Rate
11.01%
Number of Spaces
96
Lot Size
11.09 acres
Occupancy
65.0%
Price/Space
$19,792
Spaces/Acre
8.66
Year Built
1968

Investment Overview

Marcus & Millichap is pleased to present Elk City / Clinton KOA Journey, a 96-space RV park in Foss, OK. This park is located off I-40 (formally known as the historic Route 66) in between Elk City and Clinton. The Park offers shaded level sites and is within walking distance of Clinton Lake that is primarily used for fishing. The property also attracts short term travelers experiencing the nostalgic journey of Route 66. Elk City / Clinton KOA Journey is being offered at an 11.01 percent capitalization rate with an estimated net operating income of $209,276. The Park is open all year and features 67 full-service RV sites, 4 basic cabins, 3 deluxe cabins, 9 tent sites with electric, 13 tent sites without electric, pool, playground, dog park, laundry, restaurant, bar, convenient store, bath house, apartment above the main building, and a mobile home that requires renovation. The Park historically operates between 55-65 percent occupancy year around. The Park charges a monthly rate of $450-$500, weekly rate of $200-$250, and a daily rate of $45.75-$48.75. Majority of the income comes from the weekly and daily traffic. The Park runs on city water and septic. The water, sewer, trash, and electricity are all included in rent. Please do not visit park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.

Investment Highlights

  • 14.64% Cash on Cash Return
  • Restaurant & Bar
  • City Water & Septic

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

RV Park

Elk City / Clinton KOA Journey

Listing Price: $1,900,000

Cap Rate
11.01%
Number of Spaces
96
Lot Size
11.09 acres
Occupancy
65.0%
Price/Space
$19,792
Spaces/Acre
8.66
Year Built
1968

Investment Highlights

  • 14.64% Cash on Cash Return
  • Restaurant & Bar
  • City Water & Septic

Investment Overview

Marcus & Millichap is pleased to present Elk City / Clinton KOA Journey, a 96-space RV park in Foss, OK. This park is located off I-40 (formally known as the historic Route 66) in between Elk City and Clinton. The Park offers shaded level sites and is within walking distance of Clinton Lake that is primarily used for fishing. The property also attracts short term travelers experiencing the nostalgic journey of Route 66. Elk City / Clinton KOA Journey is being offered at an 11.01 percent capitalization rate with an estimated net operating income of $209,276. The Park is open all year and features 67 full-service RV sites, 4 basic cabins, 3 deluxe cabins, 9 tent sites with electric, 13 tent sites without electric, pool, playground, dog park, laundry, restaurant, bar, convenient store, bath house, apartment above the main building, and a mobile home that requires renovation. The Park historically operates between 55-65 percent occupancy year around. The Park charges a monthly rate of $450-$500, weekly rate of $200-$250, and a daily rate of $45.75-$48.75. Majority of the income comes from the weekly and daily traffic. The Park runs on city water and septic. The water, sewer, trash, and electricity are all included in rent. Please do not visit park without prior approval. Please arrange property tours with Marcus & Millichap listing agents.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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