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Property profile & analytics
OFF-MARKET
Commercial real estate

116 Main St Luther, OK 73054

4,964 SF 0.08 ac lot Built 1900
Entity Owned 12-yr Hold Free & Clear
Property ID
US69-0320567
Property summary
AI-generated overview

This stunning, completely restored 19th-century building, located at 116 S Main Street in the heart of Luther, Oklahoma, presents a unique investment opportunity. Situated just off Route 66, this 4,964 square foot property sits on a 0.08-acre lot and offers exceptional visibility and accessibility. Ideal for a variety of commercial uses, including restaurants, retail establishments, or other businesses, this property is perfectly positioned to capitalize on the growing population along the Oklahoma City/Luther border. The interior features a spacious dining room, ample space for a chef's kitchen, multiple offices, and even dedicated event space. Modern conveniences include ADA-compliant bathrooms, ensuring accessibility for all patrons. This property has enjoyed a strong rapport with the community over the past eight years, establishing a loyal customer base and a proven track record. The building's historical charm combined with its modern amenities makes it an exceptional opportunity for a discerning buyer seeking a turn-key operation in a thriving location. Priced at $351,000, this property offers significant potential for return on investment. Don't miss this chance to own a piece of Luther's history and vibrant commercial landscape.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,964 SF
Lot 0.08 ac (3,441 SF)
APN 18-555-1600
UPID US69-0320567
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Revitalize Life Counseling PLLC Counselor Service Establishment
  • Farmstead Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
116 S Main LLC · 12 yrs held
116 S Main LLC
since 2014
4 recorded transactions
2014
$62,000
2011
$86,666
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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