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20480 NE 164th St 11,000 SF Specialty Building Offered at $5,900,000 at a 7% Cap Rate in Luther, OK 73054
Investment Highlights
- 65-acre custom-built wedding & event venue with scenic countryside views, mature trees, and a pond.
- Luxury bridal suite, groom's lounge with bar and pool table, catering kitchen, and premium sound system.
- 11,000 sq. ft. under roof with 8,000 sq. ft. enclosed event space featuring floor-to-ceiling windows and sunset views.
- Extensive infrastructure including 95,000 sq. ft. of paved roads and ample parking.
Executive Summary
20480 NE 164th St in Luther, OK
Nestled on 65 breathtaking acres of rolling countryside, this custom built wedding & Events venue offers a stunning backdrop for weddings, special events & unforgettable celebrations
Surrounded by natural beauty, mature trees, a pond, and wide open view, this property provides the perfect blend of modern elegance and Rustic charm. From the grand gated entrance with a winding picturesque drive to the venue to the floor to ceiling windows that provide an amazing view of the sunset over the property, the property is a dream come true.
This spacious Venue offers endless possibilities, indoors and outdoors for receptions, corporate events, family reunions or any special occasion.
This property offers ample parking and 95,000 sq/ft of paved roads, an expansive 11,000 sq/ft (under roof) 8000 enclosed event space with floor to ceiling windows, luxury bridal suite with private bathroom and several make-up stations, a catering kitchen with all the essentials, Grooms room with pool table, bar & lounge area and premium sound system. Stepping into the main reception area, guest are transported into a world of understood elegance and modern sophistication. Soaring ceilings adorned with country chic chandeliers create a sense of grandeur, while exposed wood beams and reclaimed wood accents infuse the space with warmth and character.
This venue offers picturesque surroundings with amazing views and provides the perfect setting for any cerebration. Don’t miss the opportunity to own this amazing income generating property. Call for details on cap rate.
Nestled on 65 breathtaking acres of rolling countryside, this custom built wedding & Events venue offers a stunning backdrop for weddings, special events & unforgettable celebrations
Surrounded by natural beauty, mature trees, a pond, and wide open view, this property provides the perfect blend of modern elegance and Rustic charm. From the grand gated entrance with a winding picturesque drive to the venue to the floor to ceiling windows that provide an amazing view of the sunset over the property, the property is a dream come true.
This spacious Venue offers endless possibilities, indoors and outdoors for receptions, corporate events, family reunions or any special occasion.
This property offers ample parking and 95,000 sq/ft of paved roads, an expansive 11,000 sq/ft (under roof) 8000 enclosed event space with floor to ceiling windows, luxury bridal suite with private bathroom and several make-up stations, a catering kitchen with all the essentials, Grooms room with pool table, bar & lounge area and premium sound system. Stepping into the main reception area, guest are transported into a world of understood elegance and modern sophistication. Soaring ceilings adorned with country chic chandeliers create a sense of grandeur, while exposed wood beams and reclaimed wood accents infuse the space with warmth and character.
This venue offers picturesque surroundings with amazing views and provides the perfect setting for any cerebration. Don’t miss the opportunity to own this amazing income generating property. Call for details on cap rate.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $5,900,000 | Building Class | B |
| Price Per SF | $536.36 | Lot Size | 6.04 AC |
| Sale Type | Investment or Owner User | Building Size | 11,000 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2026 |
| Zoning | Commercial/ Agricultural - 65-acre property with an 11,000 SF event venue (8,000 SF under roof), outdoor ceremony area, and remaining acreage available for agricultural use. | ||
| Price | $5,900,000 |
| Price Per SF | $536.36 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7% |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 6.04 AC |
| Building Size | 11,000 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | Commercial/ Agricultural - 65-acre property with an 11,000 SF event venue (8,000 SF under roof), outdoor ceremony area, and remaining acreage available for agricultural use. |
1 1
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 168644845 | Improvements Assessment | $467 (2025) |
| Land Assessment | $933 (2025) | Total Assessment | $1,400 (2025) |
Property Taxes
Parcel Number
168644845
Land Assessment
$933 (2025)
Improvements Assessment
$467 (2025)
Total Assessment
$1,400 (2025)
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20480 NE 164th St
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