65101 E 255th Place - Grove - Oklahoma

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Introducing a strategically located property with approx. 35 acres of development potential and pre-existing revenue streams. This site provides a unique combination of approximately 750 feet of lakefront land with privacy, and consistent income sources. Currently, 6 acres of this property is a mobile home pad site with an almost zero percent vacancy rate over the years. These well-situated mobile home pad sites benefit from annual leases, and easy access to city water and sewer facilities, representing a reliable source of income. Further, there is a significant scope for expansion with an additional 29 acres ready for development. Potential opportunities for growth include the establishment of additional mobile home pad sites, RV sites, or property rentals. This unused land provides an investor the ability to diversify income streams, catering to a variety of potential renters or lessees. This property is already permitted to build a 44'x30' dock, which could serve as an additional amenity for tenants or a possible source of income through marina services. Adding to the property's potential, there is an onsite community recreational center equipped with a kitchen and two bathrooms, ideal for hosting social events and creating a sense of community among tenants. In summary, this opportunity offers an investor the possibility of leveraging a strong existing income source while also offering substantial growth potential through additional land development. This is a unique chance to expand and diversify your real estate portfolio.