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    116 Main St Coalgate, OK 74538

    For Sale
    $145,000

    Historic Downtown Office, High Potential

    Property size:
    1,440 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 1,440 square foot office building is situated in the heart of Coalgate, Oklahoma's vibrant downtown area. Located at 116 N Main Unit 116, this property offers a unique blend of historic charm and modern functionality. The building features large windows that flood the interior with natural light, complemented by attractive vaulted ceilings and original exposed masonry perimeter walls. Previously used as a restaurant, the space retains a commercial vent hood, a valuable asset for potential food service businesses. Two indoor/outdoor units ensure efficient cooling throughout the building. A significant advantage is the inclusion of a small apartment on the second floor, located on the east side of the building, adding versatility and potential rental income. The flexible layout makes this space ideal for a variety of commercial uses, from offices to a restaurant conversion. Ample parking is available on Main Street and to the north of the building. The 0.06-acre lot provides convenient access and visibility in this thriving small town, which boasts a welcoming atmosphere with a range of amenities including donut shops, restaurants, boutiques, and outdoor recreational areas. This property presents a rare opportunity to own a piece of Coalgate's history while capitalizing on its promising future. The asking price is $145,000.

    Property Features for 116 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,440 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1920
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Coalgate
    County
    Coal
    State
    Oklahoma
    Longitude
    -96.2177
    Latitude
    34.53988

    Nearby Comparable

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      71-acre commercial property with a 7,000 sq ft building.
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    • New
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      20 Acres Olney Oklahoma Land

      20 acres in Olney, OK, fenced, with pond and utilities.
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    • $720,000
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      240 Acres of Vacant Land

      240 acres near Highway 31, suitable for livestock and hunting.
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    Nearby Similar for Sale

    • $899,000
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    • $148,000
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      Versatile Mixed-Use Property in Coalgate

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Downtown Office, High Potential
    Where is this office property / space located?
    The property is located at 116 Main St Coalgate, OK.
    What is the asking price?
    The asking price for this property is $145,000.
    (580) 927-6264
    Request Owner's contact information
    116 Main St Coalgate, OK 74538
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    Coalgate, OK 74538
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Main St Coalgate, OK 74538
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