1511 98Th St Grove, OK 74344
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.