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    201 Pennsylvania Ave Drumright, OK 74030

    Sponsored
    For Sale
    $79,900

    Spacious 5,496 sq ft building, 1.45 acres

    Property size:
    5,496 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 5,496 square foot commercial property, located at 201 N Pennsylvania Avenue Unit 201 in Drumright, Oklahoma, presents a unique investment opportunity. Situated on a 1.45-acre lot just one block from Highway 33 (Broadway), this three-level building boasts a prime location in the heart of Drumright. Originally constructed in stages (middle and lower levels circa 1935, upper level 1957), the building offers a versatile layout suitable for a variety of uses. The main level features a large sanctuary with seating for over 225 people, ideal for a church or event venue. Additional space includes several classrooms, a substantial kitchen, and a spacious dining area. Above the kitchen, there's a living area complete with a bathroom, offering potential for residential use or additional office space. The property is being sold "AS IS," and while some renovations are needed, the potential for significant return on investment is undeniable. Its central location and substantial size make it an attractive prospect for a church, event center, retail establishment, or other commercial ventures. The 1.45-acre lot provides ample space for expansion or additional parking. This is a rare opportunity to acquire a substantial property in a desirable location.

    Property Features for 201 Pennsylvania Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,496 SF
    Lot Size
    63,162 SF

    Building Details

    Year Built
    1935
    Property Profile Location Intelligence

    Current Use by Public Records

    First Christian Church Church

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Drumright
    County
    Creek
    State
    Oklahoma
    Longitude
    -96.60202
    Latitude
    35.99002

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious 5,496 sq ft building, 1.45 acres
    Where is this commercial real estate located?
    The property is located at 201 Pennsylvania Ave Drumright, OK.
    What is the asking price?
    The asking price for this property is $79,900.
    (405) 614-2403
    Request Owner's contact information
    201 Pennsylvania Ave Drumright, OK 74030
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    Drumright, OK 74030
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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
    201 Pennsylvania Ave Drumright, OK 74030
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