Lee’s Grand Lake Resort – Grove, OK

Lee’s Grand Lake Resort
Grove, OK, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale Lee’s Grand Lake Resort, a Premier Waterfront Hospitality & Residential Community Located at in Grove, Oklahoma. This Well-Established Property Comprises 32 Well-Maintained Cabins, 45 Tenant-Owned Homes, 5 Park-Owned Homes, 26 Full Hook-Up RV Sites, 18 Boat Slips, Boat Rentals, Event Venues, and a Range of Complementary Amenities.

Situated on the Scenic Shoreline of Grand Lake, the Resort Caters to Both Long-Term Residents & Seasonal Visitors, Providing Diversified and Resilient Income Streams. The Asset Presents Substantial Value-Add Potential Through Operational Optimization, Enhanced Management, and Strategic Expansion of Ancillary Revenue Streams, Positioning it For Significant Growth.

Accommodations

  • 32 Well -Maintained Cabins
  • 45 Tenant-Owned Homes, Providing Stable, Long-Term Revenue
  • 5 Park-Owned Homes For Flexible Rental or Resale Opportunities
  • 26 Full Hookup RV Sites For Long Term or Seasonal Guests

Waterfront I Recreational Assets

  • 18 Boat Slips, 3 Boat Rentals
  • Access to Fishing, Kayaking, and Waterfront Activities

Event/ Hospitality Facilities

  • Chapel and Outdoor Wedding / Event Venue With Recent Upgrades
  • Non-Operational Cafe With Potential For Reactivation or Repurposing (Currently Open For Complimentary Breakfast in the Summertime)

Expansion Opportunities

  • Plans to Add 5 Additional Cabins
  • Potential to Redevelop RV Park Rows For Approximately 10 More Cabins For Increased Accommodation Capacity and Revenue

Guest Profile

  • Primarily Seasonal Visitors , With Approximately 1/3 Full-Term Residents
  • Supported By the On-Site Management Team

Recent Capital Improvements

  • 5 New Cabins
  • Pool Upgrades
  • Chapel Renovations
  • Restroom Upgrades
  • Septic System Improvements

Utilities / Infrastructure

  • Connected to City Water and Septic System
  • 2 Storm Shelters For Guest Safety

On-Site Amenities

  • Free Wi-Fi, Showers, Air-Conditioned, Heated Cabins
  • Mini-Mart, Laundry Facilities, Picnic Areas
  • Swimming Pool, Playground, Basketball, and Volleyball Courts
  • Ping Pong , Board Games, Community Fire Pits

 

In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754

Price

$7,000,000

Cap Rate

6.52%

PREMISES

12.414 Acres

BROKERS

Kristen Deninno
Fort Lauderdale
Meagan Brady
Fort Lauderdale

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