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Property profile & analytics
OFF-MARKET
Specialty properties

1511 98Th St Grove, OK 74344

15,302 SF Built 1975
Property ID
Property summary
AI-generated overview

Exceptional redevelopment opportunity at Barker's Marina, a 15,302 square foot mixed-use property situated on a sprawling 131,551 square foot lot in Grove, Oklahoma. This 100% occupied marina, built in 1975, consists of eight single-story buildings housing four updated cabins and two versatile storefront spaces. The property's prime location on Grand Lake offers breathtaking waterfront views and direct water access, presenting significant potential for increased revenue generation. The existing infrastructure provides a solid foundation for a variety of development plans, catering to the growing demand for waterfront leisure and recreation. The current configuration includes four renovated cabins and two retail spaces, ideal for restaurants or other businesses serving both residents and tourists. The substantial lot size allows for expansion, with the possibility of adding more cabins or other amenities to enhance the property's appeal and profitability. This is a unique chance to acquire a well-located, established marina with considerable upside potential in a desirable tourist destination. The property is zoned for mixed-use, retail, and special purpose, offering flexibility for future development. The asking price is $995,000. The property's address is 1511 98th St NW, Grove, OK 74344.

Property profile
Verified
Property type Specialty properties
Year built 1975
Total area 15,302 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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