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    1301 University St Seminole, OK 74868

    For Sale
    $249,900

    3.26 Acres, R-3 Zoning, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3.26-acre commercial property in Seminole, Oklahoma, presents a remarkable investment opportunity. Located at 1301 N University Street, the land boasts prominent frontage on three city streets: University, Van Drive, and Jefferson. Previously operating as the Van Dr Mobile Home park with 28 spaces, this R-3 zoned property offers a multitude of development possibilities. Imagine transforming this site into a thriving complex of duplexes, triplexes, apartments, or even a community center or dormitory. The existing infrastructure includes all city utilities, simplifying the development process and minimizing upfront costs. The corner lot location provides excellent visibility and accessibility. This is an ideal property for an investor seeking to capitalize on the potential for high-yield income-producing real estate in a convenient and well-served location. The versatility of the R-3 zoning allows for a wide range of uses, making this a truly unique and adaptable investment opportunity. Don't miss this chance to acquire a substantial piece of Seminole real estate with significant upside potential. All city amenities are readily available.

    Property Features for 1301 University St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    142,006 SF

    Building Details

    Year Built
    1907
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Seminole
    State
    Oklahoma
    Longitude
    -96.67489
    Latitude
    35.23626

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    FAQs

    What type of property is this?
    Commercial real estate - 3.26 Acres, R-3 Zoning, High Potential
    Where is this commercial real estate located?
    The property is located at 1301 University St Seminole, OK.
    What is the asking price?
    The asking price for this property is $249,900.
    (405) 303-5090
    Request Owner's contact information
    1301 University St Seminole, OK 74868
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    Seminole, OK 74868
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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
    1301 University St Seminole, OK 74868
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