5203 State Hwy Locust Grove, OK 74352
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.
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.