10603 US Highway 59 - Hospitality FOR SALE


Grove, OK 74344
$2,350,000 USD
918-964-9086
10603 US Highway 59, Grove, OK for Sale
$2,350,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

10603 US Highway 59
Grove, OK 74344


HIGHLIGHTS

  • Located on busy Highway 59 & less than 3 miles from Grove's brand new Wolf Creek Event Center
  • All aspects of this motel are brand new & clean! Only commercial indoor pool in Grove.
  • Electronic access/locks make booking easy! Motel rooms are sprinklered.

OVERVIEW

OUTRIGGER MOTEL - Renovated & Ready for Revenue! 33 Guest Rooms~Reservation Office~Fully Equipped Guest Lobby~Private Income Producing Apartment~Heated Indoor Pool. The Outrigger Motel in the highly sought-after Grand Lake area offers a prime cash-flow opportunity. Once a busy and well-established motel, the property was recently fully renovated after a fire 3 years ago, resulting in significant upgrades that enhance both value and guest experience. The Outrigger already has many reservations on the calendar and fully booked weekends! With countless fishing tournaments coming up and the brand-new Wolf Creek Event Center less than 3 miles way, the Outrigger can't help but be profitable! Popular with Grand Lake visitors and fishermen alike, this turnkey property combines a strong local reputation with modern improvements. With the heavy lifting complete, new owners can step in and capitalize on the area's steady tourism demand. Revitalized, improved, and income-ready -- the Outrigger Motel is positioned for its next successful chapter! Owner Agent

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$95 USD /SF

# OF ROOMS

-

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,875 SF

ZONING

C-3

APN/PARCEL ID

0038797

ASK ABOUT THIS PROPERTY

Dawn WhiteRE/MAX Grand LakeMore Info
918-964-9086

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Dawn WhiteRE/MAX Grand LakeMore Info
918-964-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.