700 Main StGrove, OK 74344

Property Details for 700 Main St

Year built

1971

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

2,464 SF

Property type

Medical offices

Property subtype

Medical centers

APN

39400

APU

39400

Description

This 2,464 sq ft single-tenant medical office building in Grove, Oklahoma, is perfectly situated in the heart of Grand Lake's primary retail and professional corridor, boasting excellent visibility on S Main St/Hwy 10 (14,400 cars daily). Built in 1971 and completely renovated in 2024, the property features a spacious reception area, a front office, nurse station, multipurpose room, and ample storage. Ten exam rooms, each equipped with a sink, and two private restrooms provide ample space for a variety of medical practices. The building benefits from a brand new, zoned central heating and air-conditioning system. A prominent monument sign ensures high visibility, and the property includes its own parking lot. The building's convenient location offers easy access to Integris Hospital, Walmart, Lowe's, Harps Food Stores, Walgreens, Taco Bell, Sonic, and Starbucks. Zoned commercial, this property is offered as a NNN lease, with the tenant responsible for property taxes, insurance, rent, utilities, maintenance, and landscaping. This presents an exceptional opportunity for establishing a new practice or relocating an existing one to a thriving community in a high-growth area. Grove, Oklahoma, a vibrant city on Grand Lake O' the Cherokees, serves as the economic and cultural center of the region, attracting visitors year-round for its diverse recreational opportunities. The property is located at 700 S Main St, Grove, OK 74344, near the intersection of 7th Street, in Delaware County.

• CAP approach

  CAP return

  Valuation

  6%

  $214,791

  6.5%

  $198,269

  7%

  $184,107

• Comparable approach

  Method

  Valuation

  Relative Method

  $176,250

  Geo Method

  $176,250

• Alternative Use

  Use

  Valuation

  Residential

  $245,854

  Hospitality

  $225,201

  Educational

  $187,364

  Medical

  $193,808

  Retail

  $291,455

Location Insight

City

Grove

County

Delaware

State

Oklahoma

Latitude

36.5891

Longitude

-94.7696

Property Tax & Assessments

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