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    230 Washington St Enid, OK 73701

    For Sale
    $563,900

    Historic Enid building, 5+ tenants, high ROI.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial investment opportunity encompasses a portfolio of properties in the heart of Enid, Oklahoma, steeped in local history. The offering includes the iconic Larry Black's building, a beautifully updated structure currently housing five separate tenants, all under lease. The addresses included in this sale are 230 and 232 West Randolph Street, and 207, 209, and 211 North Washington Street. All these properties are currently generating income from existing leases. Adding to the investment potential, an adjacent property at 228 West Randolph Street, currently occupied by a bridal shop and prom shop, is also available for purchase, presenting an opportunity for expansion or additional rental income. The asking price of $563,900 is based on a 2017 appraisal, reflecting the strong underlying value of this established commercial portfolio. This presents a rare chance to acquire a significant piece of Enid's commercial landscape, offering immediate cash flow and substantial long-term growth potential. The property's prime location ensures high visibility and accessibility, making it an attractive proposition for both current tenants and future occupants. This is a turnkey investment ready to generate income from day one. The details of the individual leases are available upon request. Don't miss this chance to own a piece of Enid's history and secure a profitable future.

    Property Features for 230 Washington St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1910
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Enid
    County
    Garfield
    State
    Oklahoma
    Longitude
    -97.88142
    Latitude
    36.39793

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Enid building, 5+ tenants, high ROI.
    Where is this commercial real estate located?
    The property is located at 230 Washington St Enid, OK.
    What is the asking price?
    The asking price for this property is $563,900.
    (580) 233-4040
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    230 Washington St Enid, OK 73701
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    Enid, OK 73701
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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
    230 Washington St Enid, OK 73701
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