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    505 2 St Goodwell, OK 73939

    Sponsored
    For Sale
    $75,000

    Prime location, spacious office, ready to renovate.

    Property size:
    2,644 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 505 W Second Street in Goodwell, Oklahoma, presents a unique investment opportunity. Situated on a 0.41-acre lot, this 2,644 square foot office building enjoys a highly desirable location directly across the street from Oklahoma Panhandle State University. The building's interior offers significant potential for a variety of uses. Features include a large walk-in refrigerator, double sinks, and a conveniently located shower and toilet. The property has recently undergone a thorough cleaning, providing a blank canvas for the next owner to customize and renovate to their specific needs. The C-3 Commercial zoning allows for a wide range of commercial activities, making this property exceptionally versatile. Its proximity to the university creates a strong potential for student-oriented businesses or services, while its size and layout offer ample space for a variety of other commercial ventures. The asking price of $75,000 represents a compelling value for a property with such significant potential in a growing community. This is an excellent opportunity for an investor or business owner seeking a well-located, adaptable commercial space. Don't miss out on this chance to acquire a piece of Goodwell's vibrant commercial landscape.

    Property Features for 505 2 St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,644 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Map

    City
    Goodwell
    County
    Texas
    State
    Oklahoma
    Longitude
    -101.6362
    Latitude
    36.59016

    Nearby Comparable

    • $420,000

      Prime Guymon Office Space

      Affordable Office Building in Oklahoma
      219 2Nd St, Guymon, OK 73942
      View Details
    • $399,000
      2,960 SF

      Highway 54 Commercial Building, Guymon

      2,960 sq ft building on 6 lots, prime location.
      205 SW 2Nd St, Guymon, OK 73942
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime location, spacious office, ready to renovate.
    Where is this office property / space located?
    The property is located at 505 2 St Goodwell, OK.
    What is the asking price?
    The asking price for this property is $75,000.
    (580) 898-9111
    Request Owner's contact information
    505 2 St Goodwell, OK 73939
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    505 2 St
    Goodwell, OK 73939
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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
    505 2 St Goodwell, OK 73939
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