OK
Mayes
Pryor
74361
2900 W 520 Road
2900 W 520 Road, Pryor, OK 74361
Share Listing
Listing Type
Commercial/Industrial
Listing Status
active
31
$2,500,000

Home Details for 2900 W 520 Road

Price
$2,500,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
19376
Year built
2018
Lot size acres
4.61
County
Mayes
Total rooms
112
Garage
1
Days on site
285
MLS Listing#
2443767
Property Description

Discover a prime investment at 2900 W 520 Road, Pryor, Oklahoma: a meticulously maintained portfolio of eight duplexes (16 units) on a 4.6-acre lot, offering immediate income and future development potential. Fully Leased Units: Fifteen units leased with monthly rents from $1,375 to $1,645, ensuring a stable income stream. Profitable Short-Term Rental: One unit operates as a VRBO, generating over $32,600 in 2024, with nightly rates of $189, reaching $499 during local events. High-Quality Construction: Built in 2018, each 3-bedroom, 2-bathroom unit features granite countertops, custom cabinetry, polished concrete floors, and a one-car garage. Expansion Potential: The expansive lot allows for constructing 5 to 7 additional duplexes. Proximity to Major Employers: Adjacent to the Mayes County Industrial Park (MAIP), one of the world's largest industrial parks, driving consistent housing demand. Recreational Amenities: Near Lake Hudson's 200+ miles of shoreline, offering boating and fishing opportunities, and close to walking trails and parks. Event-Driven Income: Capitalize on increased rental demand during local events like Rocklahoma and Born & Raised festivals, with short-term rental rates reaching $499 per night. 1031 Exchange Investors: Seeking a turnkey, income-producing asset with minimal vacancies. Developers: Looking to expand and capitalize on the property's development potential. Short-Term Rental Operators: Aiming to leverage the thriving local event scene for premium rental rates. Financial Overview: Current Monthly Income: Approximately $19,000 to $21,025 from long-term leases. Annual Short-Term Rental Income: Over $32,600 from the VRBO unit. Total Annual Income: Exceeds $284,900, with potential for growth through development and optimized rental strategies. Seize this rare opportunity to acquire a high-performing asset with immediate returns and future growth potential in a thriving Oklahoma community.

Property Features
  • Heating Information
    • Central
    • Electric
    • Heat Pump
  • House Interior
    • High Ceilings
    • Other
    • Ceiling Fan(s)
  • Utilities
    • Cable Available
    • Electricity Available
    • Water Available
  • Parking
    • Garage
    • Paved
  • Cooling Information
    • Central Air
  • Water Features
    • Public
Listing Courtesy: Lakeland Real Estate NEOK - 918-434-5095
Presented by: Kimm Kennon
Listings courtesy of the Northeast Oklahoma Real Estate Systems. IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the Northeast Oklahoma Real Estate Systems.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Northeast Oklahoma Real Estate Systems / Greater Tulsa AOR.
EXIT REALTY CONNEXX
6130 E. 71st St. Suite 14, Tulsa, OK 74136
Office
918 994 4848
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