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3421 US Highway 70
Ardmore, OK 73401
Cedar's Edge RV Park · Multifamily Property For Sale
·
871,200 SF
PROPERTY FACTS
| No. Units | 54 | Lot Size | 20.00 AC |
| Property Type | Multifamily | Building Size | 871,200 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 2010 |
| Zoning | R1 | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Lot Size | 20.00 AC |
| Building Size | 871,200 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Zoning | R1 |
ABOUT 3421 US HIGHWAY 70 , ARDMORE, OK 73401
JUST REDUCED FROM $1,025,000. Cedar’s Edge RV Park is a 54 site RV park built in 2010 located in Ardmore, Oklahoma, which is located 110 miles south of Oklahoma City and 115 miles north of Dallas. The park is on public co-op water and a septic sewer system. The water is master metered. The property also has a cabin onsite, laundry facility, showers, numerous vending machines, and a large pavilion. The current manager lives onsite in a 3 bedroom brick house and is open to staying on-board for the future owner. Cedar’s Edge is less than one-quarter miles from Lake Murray State Park, which is Oklahoma’s largest and oldest state park, offering stables, trails, boating, golf, and an ATV driving area. Numerous residents at the asset work in Ardmore as well as in the gas and oil and refinery / pipeline business. Ardmore, Oklahoma has an unemployment rate of 4.9% (US average of 5.2%). Ardmore’s future job growth over the next 10 years is predicted to be 42.5% (US predicted average of 38%). The park is priced at a day one cap rate of 15 percent. Cedar's Edge RV Park is an excellent opportunity for a future owner to acquire a high-yield asset and continue to increase rents and expand the numbers of spaces (6 undeveloped acres) as the area continues to grow in population and expands its overall economy.
