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    5203 State Hwy Locust Grove, OK 74352

    For Sale
    $267,995

    Prime Oklahoma land, 95,832 sq ft, $267,995.

    Property size:
    95,832 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.2-acre mixed-use property in Locust Grove, Oklahoma, presents a unique investment opportunity. Located at 5203 State Hwy 82, this expansive 95,832 square foot parcel is priced competitively at $267,995, translating to $2.80 per square foot. The property boasts a convenient location near Lake Hudson, offering significant potential for various commercial ventures. The land is zoned for mixed use, providing flexibility for diverse development plans. Currently, the site includes 12 covered storage units and 10 enclosed storage units, providing immediate income potential or a solid foundation for future expansion. The absence of zoning restrictions further enhances the property's versatility and appeal to prospective buyers seeking a flexible and profitable investment in a desirable Oklahoma location. The property's address is 5203 State Hwy 82, Locust Grove, OK 74352, situated in Mayes County. This is a rare opportunity to acquire a substantial parcel of land with existing infrastructure in a growing area.

    Property Features for 5203 State Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    95,832 SF

    HighLights

    • 2.2‑acre mixed‑use property in Locust Grove, OK.
    • 95,832 square foot parcel priced at $267,995 ($2.80/SF).
    • Convenient location near Lake Hudson.
    • Mixed‑use zoning allows for diverse development.
    • Includes 12 covered and 10 enclosed storage units, generating immediate income.
    • Located at 5203 State Hwy 82, Locust Grove, OK 74352 (Mayes County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Locust Grove
    County
    Mayes
    State
    Oklahoma
    Longitude
    -95.153278220244
    Latitude
    36.224899211837

    Nearby Comparable

    • $267,995

      Land Near Lake Hudson

      Land located off Highway 82, across from Lake Hudson.
      5203 Highway 82 S, Locust Grove, OK 74352
      View Details
    • $400,000
      37.08 Acres

      Locust Grove Land For Sale

      37.08 acres of undeveloped land with development potential.
      000 Earl Smith Rd, Locust Grove, OK 74352
      View Details

    Nearby Similar for Sale

    • $749,000
      7,781 SF

      Versatile Mixed-Use Property in Locust Grove

      Expansive property with salon, emporium, bar, and gym spaces.
      6753 E 620 Rd, Locust Grove, OK 74352
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Oklahoma land, 95,832 sq ft, $267,995.
    Where is this mixed-use property located?
    The property is located at 5203 State Hwy Locust Grove, OK.
    What is the asking price?
    The asking price for this property is $267,995.
    What are key features of this property?
    This property features: 2.2-acre mixed-use property in Locust Grove, OK.; 95,832 square foot parcel priced at $267,995 ($2.80/SF).; Convenient location near Lake Hudson.
    (918) 740-1015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5203 State Hwy Locust Grove, OK 74352
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