23849 864 Rd Welling, OK 74471
This exceptional 1.3-acre commercial property in Welling, Oklahoma, presents a unique investment opportunity near Lake Tenkiller. Priced at $150,000, this property boasts a 1,616 square foot metal building situated on a slab foundation, ensuring durability and longevity. The land is comprised of three separate lots, offering ample space for expansion or the development of multiple businesses. Its strategic location provides easy access to both local residents and the significant tourist traffic drawn to Lake Tenkiller. The property's infrastructure is well-established, featuring two wells and two septic tanks, ready to support a variety of commercial ventures. Ideal uses could include outdoor recreation businesses, storage facilities, service shops, or retail establishments catering to the lake's vibrant tourism. The rural setting offers a tranquil atmosphere while maintaining convenient access to the area's amenities. This versatile property is a rare find, combining prime location with substantial infrastructure, making it an excellent investment for entrepreneurs seeking a thriving commercial presence in a desirable location. Directions from Hwy 82: Turn left onto Hwy 100, right onto S. 566 Road, and left onto E. 864 Road. The property is on the right. The property is located in Cherokee County, Oklahoma, zip code 74471.
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
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.