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    1000 Broadway Ave Spiro, OK 74959

    For Sale
    $179,000

    High-traffic commercial lot, excellent visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 1.77-acre commercial property boasts significant highway frontage on US Highway 271 in Spiro, Oklahoma. The level land offers approximately 275 feet of prime road visibility, ensuring high traffic exposure for any business. The existing building, constructed of concrete blocks on a solid concrete slab foundation, provides a sturdy and durable structure. The building features two convenient roll-up bay doors, ideal for loading and unloading, along with 3-phase electrical service for power-intensive operations. A secure 6-foot fenced impound yard is included, offering ample space for storage or additional operations. Currently utilized as an auto repair shop, this versatile property presents a multitude of potential uses for a variety of commercial ventures. Its strategic location and practical features make it an attractive investment opportunity for entrepreneurs seeking a well-established space with high visibility and ample room for expansion or adaptation. The property's solid construction and existing infrastructure minimize upfront investment costs, allowing for a quicker return on investment. The asking price is $179,000. This is a rare opportunity to acquire a well-positioned commercial property in a growing area.

    Property Features for 1000 Broadway Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    77,101 SF

    Building Details

    Year Built
    1963
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spiro
    County
    Leflore
    State
    Oklahoma
    Longitude
    -94.63785
    Latitude
    35.23679

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic commercial lot, excellent visibility.
    Where is this commercial real estate located?
    The property is located at 1000 Broadway Ave Spiro, OK.
    What is the asking price?
    The asking price for this property is $179,000.
    (918) 649-0234
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    1000 Broadway Ave Spiro, OK 74959
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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
    1000 Broadway Ave Spiro, OK 74959
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