Prime 10 Acre Property in the Heart of Hochatown. Seize the rare chance to own an unrestricted 10-acre property with extraordinary potential in the booming vacation destination and Qualified Opportunity Zone. This prime location, a half mile off Hwy 259 behind Hochatown Saloon on a paved road. Imagine owning a piece of land amidst old-growth hardwoods and towering pines, just half a mile from the shores of Broken Bow Lake and within close proximity to popular attractions like the Choctaw Casino and Safari Park. With an AirDNA investment Market Score of 89 out of 100, Broken Bow/Hochatown ranks in the top 30 of 107 markets as of April 2024, boasting impressive occupancy rates up 6% year-over-year and average revenue up 20% year-over-year. This thriving market outperforms many other vacation destinations across the nation. Whether you envision developing a venue, lodge, glamping campground, RV park, or tiny cabin rental cabins, the possibilities are endless. Alternatively, capitalize on the proximity to Broken Bow Lake and apply for an attraction concession, such as a floating water park in the cove near Beavers Bend Marina—an opportunity that promises to draw visitors from far and wide. Included on the property is a 2-bedroom, 2-bath brick home with a large den, 2-car covered carport, large park-like pavilion, and a storage room. A separate octagon-shaped cottage/pod with a deck and half bath for additional accommodation options. A large 30 x 60 metal drive-through shop with a full bath and kitchenette with ample space for storage. The property is equipped with rural water and two wells, two septic systems, and three electric poles with separate meters, ensuring convenience and functionality. Fiber internet/TV/telephone services are available at the road. Recent upgrades including a new HVAC system, ductwork, roofs on all structures (except the shop), cabinets, stainless steel appliances in the kitchen. AS IS. Possible partial owner financing.
MLSOK (OKCMAR) - Oklahoma City Metropolitan Association of REALTORS®
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Interior
Number of Fireplaces
1
Fireplace Description
Wood Burning
Bath Features
Hot Tub
Security Features
No Safety Shelter
Utilities
Heating
Central,Electric
Cooling
Heat Pump
Sewer
Septic Tank
Utility Features
Electricity Available,Propane,Septic Available,Water Available
Water Source
Rural,Well
Construction
Architectural Style
Craftsman
Roof
Composition
Foundation
Slab
Year Built
1978
Parking
Parking Description
No Garage
Attached Garage
No
Exterior
Lot Size
435,600.00 Square Feet
Lot Features
Cul-De-Sac,Backs to Greenbelt/Park,Wooded
Pool Description
None
Location
City
Broken Bow
Subdivision
unplatted
Zip
74728
County
McCurtain
State
OK
Schools
Elementary School
,Bennett ES
Elementary School District
Broken Bow
Middle/Jr. High School
,Rector Johnson MS
Middle/Jr. High School District
Broken Bow
High School
,Broken Bow HS
High School District
Broken Bow
Financials
Property Taxes
970
HOA
No
HOA Fee Frequency
Annually
Dates
Listed
05/01/24
Latest Update
05/12/24 3:53pm
Days on this Site
11
Price Changes
$2,444,000 05/01/2024
$2,250,000 05/12/2024
Cumulative Days on Market
11
Additional Information
Listing Office Name
eXp Realty, LLC
Listing Office MLS ID
EXPE02
Location
MORTGAGE CALCULATOR
estimated
monthly payment
Purchase Price
30-Yr Fixed
20%
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
Private Mortgage Insurance
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