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420 E Oklahoma Blvd
Alva, OK 73717

$1,550,000 USD

Hotel For Sale  •  16,289 SF

Property Details

  • Property Type Hotel
  • Total Building Size 16,289 SF
  • Lot Size 2 AC
  • Building Class C
  • Year Built 1935
  • Cap Rate 16.00 %
30 Walk Score

Description

41 guest rooms , 2 rooms manage living house with office, + 36 hook up (upto 48 plug in) RV PARK ENID ,  + total 9100 sq  shopping center ENID, Very good net income(pro forma cap can be 20%),   Low expences , No breakfast or donut ,easy to handle hotel with big truck parking lot by highway, walmart is in a few block, https://www.nwosu.edu/     Northwestern Oklahoma State University is near the hotel ,  very nice building with large truck parking lot, Alva almost finishing to build new huge Rodeo place,oil and windmill energy field, Located 39 minutes away in Freedom, https://www.travelok.com/state-parks/alabaster-caverns-state-park  /this park features the largest natural gypsum cave in the world open to the public.Located about 45 minutes away in Waynoka, https://www.travelok.com/state-parks/little-sahara-state-park   /this park offers 1,600+ acres of sand dunes ranging from 25 to 75 feet high.Located 40 minutes from Alva, https://www.travelok.com/state-parks/salt-plains-state-park   /this park is known for its unique salt plains created by a salt-crusted lake.  
Would you please text first for more infomation.
Cap Rate: 16.00 %

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 38
Type: Surface
Included in Rent: Yes
John Cho 580-402-5000 UMS
John Cho 580-402-5000 UMS