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688 Old Hochatown Road, Broken Bow, OK 74728
$2,250,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
4
baths
1,697
sqft
Built in
1978
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.
Features & Amenities
Interior
- A/C:
- true, Heat Pump
- Heating:
- true, Central,Electric
- Fireplace:
- Wood Burning, Fireplace, Fireplaces: 1
Exterior
- General:
- Workshop, Hot Tub
- Style:
- Craftsman
- Other Structures:
- Workshop
- Pool:
- None
- Parking:
- No Garage
Construction
- Roofing:
- Composition
- General:
- Brick,Frame, 1, Slab
Location
- HOA Amenities:
- Annually
- Originating MLS:
- MLSGATEWAY
- School District:
- Broken Bow
- County:
- McCurtain
Lot
- Zoning:
- 688NONEOldHochatown74728
Utilities
- Utilities:
- Electricity Available,Propane,Septic Available,Water Available
- Water:
- Rural,Well
- Sewer:
- Septic Tank
Financial
- Source:
- MLSGATEWAY
- Buyers Agent Compensation:
- 2.5%
This listing courtesy of:
eXp Realty, LLC, Kelli Haus
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Broken Bow, OK
Housing
- Number of Units
- 4,468
- Median Home Value
- $96,075
- Median Rent
- $421
33.03% of housing units are renter occupied.
12.27% are vacant.
Commute
- Car
-
97.06%
- Public Transportation
-
0.15%
- Walk to Work
-
1.28%
- Work from Home
-
0.65%
- Other
-
0.70%
The median travel time to work is 22 minutes.
People
- Population
- 9,877
- Median Age
- 36.90
- Median Household Size
- 2.71
Education
- High School
-
43.96%
- Associate’s Degree
-
5.06%
- Bachelor’s Degree
-
11.34%
- Graduate Degree
-
3.06%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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