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    231 Broadway St Lexington, OK 73051

    For Sale
    $200,000

    Historic Church, Retail Zoning, Hwy 39 Frontage

    Property size:
    3,334 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This charming 1918 Methodist church presents a unique investment opportunity in Lexington, Oklahoma. Situated on a 0.32-acre lot (14,000 sq ft) directly on Highway 39, this 3,334 square foot building boasts a striking 20-foot high decorative ceiling, adding to its historical character. While some renovations are needed, the property is currently usable in its existing condition. The C-1 retail zoning allows for diverse uses, including the possibility of residential occupancy, either in conjunction with a business or independently. This versatile property offers significant potential for adaptive reuse, capitalizing on its prime highway location and distinctive architectural features. The building's size and zoning provide flexibility for a variety of commercial ventures or a unique residential conversion project. Its prominent Highway 39 location ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. The substantial lot size offers ample space for expansion or additional development. This is a rare chance to acquire a piece of Lexington's history with significant upside potential.

    Property Features for 231 Broadway St

    General Information

    Property type
    Specialty properties
    Square Feet
    3,334 SF
    Lot Size
    13,939 SF

    Building Details

    Year Built
    1918
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.33285
    Latitude
    35.01521

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    FAQs

    What type of property is this?
    Specialty property - Historic Church, Retail Zoning, Hwy 39 Frontage
    Where is this specialty property located?
    The property is located at 231 Broadway St Lexington, OK.
    What is the asking price?
    The asking price for this property is $200,000.
    (405) 463-1343
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    231 Broadway St Lexington, OK 73051
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    Lexington, OK 73051
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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
    231 Broadway St Lexington, OK 73051
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