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29478884
29478901

141 Whippoorwill, Mead, OK 73449 For Sale

KD
OK 157703
Keller Williams Atoka
AP
OK 161246
Keller Williams Advantage
Listed by Keller Williams Atoka, Keller Williams Advantage
$1,500,000
167 days on market
Updated 41 days ago

Excellent Income Opportunity Lake Texoma-Willow Springs

Details
Property Type Land, Mixed Use (+1)
Sub Type Commercial
Units 17
Occupancy 95%
Class C
Buildings 8
Lot Size (SqFt) 70 - 88
Investment Type Owner/User
Ground Lease No

Turnkey 17-Door Mixed-Use Investment

Marketing description

EXCELLENT INCOME-PRODUCING INVESTMENT FOR SALE

(Near Lake Texoma •Billion-dollar Pointe Vista Development •Choctaw Casino)

Turnkey Multi-Unit Hospitality Units & Workforce Housing Property with diversified Income stream

This Property is situated on approximately 2 acres at the edge of Lake Texoma! Strategic location of this property makes it a highly desirable destination year-round. The property caters to family vacations, fishing and golf tournaments, reunions, casino events and also construction workers in need of short term lodging, all of which is consistently generating strong rental demand.

PROPERTY MIX

  • 6 Cabins (various sizes)
  • 10-unit extended-stay Motel (built in 2021)
  • Laundromat (2 washers, 2 Dryers - expandable to 3)
  • 1 mobile homes, different sizes

Diversified unit types = multiple revenue streams, stable income plus growth potential

All units are fully furnished and equipped with induction cooktop with cookware & plates and needed other appliances

LOCATION ADVANTAGE

Strategically placed between Durant and Kingston, just 1/4 mile off highway 70

Minutes from Lake Texoma (attracts over 6 million annual visitors)

Minutes from Johnson Creek State Park, Willow Springs Marina, and the popular Catfish Bay

Less than 3 miles from the upcoming Billion-dollar Pointe Vista development in Kingston

10-12 minutes from Choctaw Casino & Resort in Durant (1.2 million annual visitors)

Less than 3 miles from West Bay & Texoma Casino

Conveniently placed from Texas Border, Sherman TI corridor

Less than 1 mile from $127M Roosevelt Bridge construction project (start in March, 2026) expected to bring about 300 workers

Proximity to $6B Preston Harbor (Margaritaville Resort)

CURRENT OPERATIONS

• Consistent demand from construction crews & contract workers

• Daily, Weekly and monthly stays provide stable baseline income

• Simple, low-turnover, low expense management model

VALUE-ADD OPPORTUNITY

• Transition units to short-term vacation rentals

• Capture demand from Lake Texoma visitors

• Benefit from Hard Rock Casino (coming soon) & Choctaw Casino traffic

• Increase nightly rates and seasonal revenue

• Hybrid model: STR + extended stay

The business has been successfully operating since 2014. The current owner bought this property in 2021, and added Extended stay, Tiny homes, and induction cooktops to all cabins along with many other enhancements to existing units. Now it is ready for a new entrepreneur that is ready to level up!

Utilities include OG&E electric, Bryan County water, and an aerobic septic system.

IDEAL BUYER

• STR investors seeking upside

• Workforce housing operators

• Hospitality investors

• Owner-operators

SALE DETAILS

Asking Price: [Contact for Details]

Financials available to qualified buyers

Confidential sale

More about Lake Texoma incredible upcoming developments

Pointe Vista located at Lake Texoma, A large Hard Rock Hotel, Residences Lake Texoma (2000 homes) project is planned for Kingston, OK, as part of the massive 2700-acre Pointe Vista development on Lake Texoma. This 19-mile-long shoreline will feature a hotel, convention center, waterpark, casino, golf and more!

Listing Contacts

KD
OK 157703
Keller Williams Atoka
AP
OK 161246
Keller Williams Advantage
Listed by Keller Williams Atoka, Keller Williams Advantage

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Additional Information

Name
Kim Delagarza
License
157703
Name
Apryl Pritchett
License
161246
Brokerage
KW Atoka
Title
Real Estate Associate Broker
Brokerage Address
151 South Mississippi Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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