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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

This exceptional 15,302 square foot mixed-use marina property in Grove, Oklahoma, presents a unique redevelopment opportunity. Located at 1511 98th St NW, 74344, this 131,551 square foot lot boasts a scenic waterfront location with direct access and stunning views. Currently operating at 100% occupancy, the property includes eight buildings and four updated cabins, each leased annually at $1,000 per month. Built in 1975 and extensively renovated in 2023, this single-tenancy property offers significant potential for expansion. The existing infrastructure provides a solid foundation for a variety of redevelopment projects, capitalizing on the growing demand for waterfront leisure and recreation. The property's prime location attracts both tourists and locals year-round, ensuring a strong potential for increased revenue and return on investment. This is a rare chance to acquire a well-situated marina with substantial upside in a desirable location. The asking price is $995,000. This investment presents a compelling opportunity to transform this existing marina into a premier destination.

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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