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    116 Main St Luther, OK 73054

    Sponsored
    For Sale
    $351,000

    Prime Location, Fully Restored, High Traffic

    Property size:
    4,964 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    341
    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 Features for 116 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,964 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Revitalize Life Counseling ... Counselor Farmstead Cafe Restaurant

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Clothing Store Hotel & Motel Gym & Fitness Kitchen & Bath Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Luther
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.19561
    Latitude
    35.66164

    Nearby Comparable

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      Luther Commercial Gem: $351,000

      Historic building, prime location, multiple uses.
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      40 acres of land available in Luther, Oklahoma.
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      New Albany Industrial Park Land

      150 Acres, Prime Industrial Site
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    • $600,000
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      30 Acres in Luther, Oklahoma

      30 acres with workshop, well, and septic tank near Luther.
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    Nearby Similar for Sale

    • $351,000
      4,964 SF

      Luther Commercial Gem: $351,000

      Historic building, prime location, multiple uses.
      116 Main St, Luther, OK 73054
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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Fully Restored, High Traffic
    Where is this commercial real estate located?
    The property is located at 116 Main St Luther, OK.
    What is the asking price?
    The asking price for this property is $351,000.
    (405) 300-0543
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    116 Main St Luther, OK 73054
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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
    116 Main St Luther, OK 73054
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