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1511 98th St NW
Grove, OK 74344
Retail Property For Sale
EXECUTIVE SUMMARY
Rare opportunity to acquire a 486-foot waterfront property on Wolf Creek at Grand Lake with an established footprint and direct access from a high-traffic highway corridor averaging 15,000 vehicles per day. This offering presents a compelling redevelopment and value-add opportunity in a supply-constrained waterfront market.
The property benefits from excellent visibility and accessibility making it well suited for a waterfront restaurant, marina repositioning, RV park, tiny cabin retreat, or mixed-use destination concept. Existing structures offer flexibility for interim use, or phased redevelopment.
Wolf Creek is a proven recreational draw, recording approximately 150,000 visits in 2024. In 2025, the creek hosted 39 organized fishing tournaments with 5,811 boats launched, equating to more than 11,600 anglers, not including families and spectators. This consistent tournament activity drives strong demand for food and beverage, lodging, marina services, and event-oriented amenities.
The City of Grove is supportive of new business development and has expressed a willingness to engage in discussions with a prospective buyer regarding potential incentive and rebate options, subject to review and approval. Grove’s pro-growth posture and interest in attracting destination-oriented projects further enhance the appeal of this opportunity.
Waterfront frontage on Wolf Creek is finite and increasingly difficult to replicate. The combination of significant shoreline frontage, high daily traffic counts, established marina precedent, municipal support for development, and consistent tourism demand positions this property as a rare opportunity for investors and developers seeking a destination-driven waterfront project.
Buyer to verify zoning, entitlements, permitted uses, and development potential.
The property benefits from excellent visibility and accessibility making it well suited for a waterfront restaurant, marina repositioning, RV park, tiny cabin retreat, or mixed-use destination concept. Existing structures offer flexibility for interim use, or phased redevelopment.
Wolf Creek is a proven recreational draw, recording approximately 150,000 visits in 2024. In 2025, the creek hosted 39 organized fishing tournaments with 5,811 boats launched, equating to more than 11,600 anglers, not including families and spectators. This consistent tournament activity drives strong demand for food and beverage, lodging, marina services, and event-oriented amenities.
The City of Grove is supportive of new business development and has expressed a willingness to engage in discussions with a prospective buyer regarding potential incentive and rebate options, subject to review and approval. Grove’s pro-growth posture and interest in attracting destination-oriented projects further enhance the appeal of this opportunity.
Waterfront frontage on Wolf Creek is finite and increasingly difficult to replicate. The combination of significant shoreline frontage, high daily traffic counts, established marina precedent, municipal support for development, and consistent tourism demand positions this property as a rare opportunity for investors and developers seeking a destination-driven waterfront project.
Buyer to verify zoning, entitlements, permitted uses, and development potential.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
15,302 SF
Building Class
C
Year Built
1975
Price
$995,000
Price Per SF
$65.02
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
4.19 AC
AMENITIES
- Waterfront
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