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    117 Walnut Ave Erick, OK 73645

    For Sale
    $64,900

    Versatile Building, High Potential, $64,900

    Property size:
    2,032 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 2,032 square foot commercial property, situated on a 0.4-acre lot at 117 S Walnut Avenue in Erick, Oklahoma, presents a unique investment opportunity. Previously utilized as a funeral home, this adaptable building offers immense potential for a variety of commercial ventures. Imagine transforming this space into a thriving office complex, a small retail establishment, or even a unique boutique. The existing structure is well-maintained and ready for immediate occupancy, minimizing upfront renovation costs. The layout is flexible and easily configurable to suit diverse business needs. The property's central location in Erick provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for clients and employees. Furthermore, with minimal remodeling, this building could be converted back into a residential dwelling, offering additional investment flexibility. The asking price of $64,900 represents a significant value for a property with such versatility and location advantages. Don't miss this chance to acquire a prime commercial property in a growing community. This is a rare opportunity to own a piece of Erick's future. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 117 Walnut Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,032 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1938
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Hair Salon Clothing Store Nail Salon Wholesale Shop Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Erick
    County
    Beckham
    State
    Oklahoma
    Longitude
    -99.86829
    Latitude
    35.21436

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Building, High Potential, $64,900
    Where is this commercial real estate located?
    The property is located at 117 Walnut Ave Erick, OK.
    What is the asking price?
    The asking price for this property is $64,900.
    (580) 225-6271
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    117 Walnut Ave Erick, OK 73645
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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
    117 Walnut Ave Erick, OK 73645
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