423 S Hazel St 2,400 SF Retail Building Grove, OK 74344 $149,000 ($62.08/SF)

Listing Price: $149,000 ($62.08/SF)
Building Size: 2,400 SF | Lot Size: 0.14 Acres
Asset Type: Single-tenant retail/flex (former Van’s Printing)
Zoning: Urban Commercial
Key Features: Metal building with stone wainscot, concrete floors, wood-paneled walls, extensive built-in wooden shelving, rear roll-up garage door, open adaptable layout.
Value Proposition
Strong value-add entry at ~37% below Grove single-tenant retail submarket average (~$99/SF).
Excellent repositioning potential — renovate and capture near-term equity.
Highly functional for retail, service, showroom, workshop, light industrial, or owner-user.
Immediate utility with existing shelving and open warehouse-style space.
Location Highlights
Prime visibility and access just off US Highway 59 (˜15,000 vehicles/day).
Heart of Grove near Grand Lake O’ the Cherokees — benefits from $205M annual tourism spending and 1.8M overnight stays.
Strong local traffic + seasonal tourism demand.
Proximity to major employers (INTEGRIS Grove Hospital ~1.3 mi, Walmart, schools, manufacturing).
Investment Highlights
Flexible, adaptable building format.
Non-conforming commercial use advantage — limits local competition.
Stable economic base with manufacturing, healthcare, retail, and tourism drivers.
Tight supply / strong demand in the submarket (retail pull factor 2.53).
Sales Comps Snapshot
Subject is priced very aggressively vs. recent/nearby sales