5160 Indian Meridian Rd Coyle, OK 73027

This exceptional 2.62-acre commercial property in Coyle, Oklahoma, presents a unique investment opportunity. Located near Langston University and Langston Lake, this site boasts excellent highway access and proximity to several larger towns. The property features a main building with approximately 1900 square feet of living quarters/office space, including 24/7 monitored security, a full kitchen, a large living/seating area, two large rooms with a full bath, and two exterior doors. An attached building offers another large room with a full bath, and an additional attached restroom with its own exterior entrance. The property is fully fenced and secured with an electric gate and keypad entry. Ten large (16 ft x 30 ft, 15 ft tall) shop buildings, each approximately 1700 square feet, are also included. These buildings are fully spray-foamed with 4.5" insulation, have .5 conduit 500 amp power, and are ready for tenant improvements. Each shop building has its own electric meter, water supply access, and individual address. Ample parking is available across from the shops, with potential for individual gated parking/storage areas. The main building offers a carport and space for additional carports or buildings. The property includes a 2500-gallon septic tank, a well, and private trash service. Phase 3 electric is available. Previously sold for $650,000 in 2023, this property is listed below market value at $415,000, offering significant upside potential. The property's versatility allows for various uses, including boat/storage rentals, student housing, or individual business rentals. The high demand for storage and warehouse space in the area, with rental rates ranging from $50-$125 per month for parking and $9-$12 per square foot for warehouse space, makes this a compelling investment. The total building square footage is 18,900 square feet.