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    602 Mckinney Ave Cheyenne, OK 73628

    For Sale
    $57,900

    Prime Cheyenne location, versatile commercial building. High investment return.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 0.24-acre property located at 602 McKinney Avenue in Cheyenne, Oklahoma, presents a unique investment opportunity. Previously utilized as a funeral home, the building offers significant potential for diverse commercial uses or conversion to residential. The substantial size of the building, coupled with its convenient location in a residential area, provides flexibility for a wide range of future applications. A key feature is the ample parking, including a large lot on the south side and a convenient pull-through driveway on the north. This allows for easy access and ample space for clients or residents. The property is being offered at a significantly reduced price, making it an attractive proposition for savvy investors seeking a high-return investment. The building's adaptability and prime location in Cheyenne make it an ideal candidate for redevelopment or continued commercial use. Serious inquiries are encouraged to explore the possibilities of this versatile property. The asking price is $57,900. Don't miss this chance to acquire a valuable asset in a desirable location.

    Property Features for 602 Mckinney Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    10,454 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Gym & Fitness Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheyenne
    County
    Roger Mills
    State
    Oklahoma
    Longitude
    -99.67045
    Latitude
    35.61483

    Nearby Comparable

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    • $350,000
      6,400 SF

      Elk City Warehouse with Living

      22-acre property with shop and living quarters near Elk City.
      19887 E 1070 Rd, Elk City, OK 73644
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    FAQs

    What type of property is this?
    Commercial real estate - Prime Cheyenne location, versatile commercial building. High investment return.
    Where is this commercial real estate located?
    The property is located at 602 Mckinney Ave Cheyenne, OK.
    What is the asking price?
    The asking price for this property is $57,900.
    (580) 225-6271
    Request Owner's contact information
    602 Mckinney Ave Cheyenne, OK 73628
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    Cheyenne, OK 73628
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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
    602 Mckinney Ave Cheyenne, OK 73628
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