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Leased Office and Rental Property

1205 S Main Street Altus, OK 73521

1205 S Main Street, Altus, OK, 73521
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For Sale
Contact for pricing
Pending

Office space with multiple offices and common areas plus three 100% occupied rental units generating current gross cash flow.

Days on Market103

Property Features for 1205 S Main Street

General Information

Standard status
Pending
Property subtype
Special Purpose, Office
Listing agency CENTURY 21 Altus Prestige Realty
Listed by Shoya Garrison · License #OK
Source Crexi
Added: Apr 11 Updated: Jul 22 at 10:13AM Checked: Jul 22 at 10:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Altus Prestige Realty


Investment Insights

Based on property information with market context.

This property includes an office component and three income-producing rental units. The office has approximately 1,400 square feet with multiple offices (four to six offices), a lobby/reception area, a kitchen, and two bathrooms. In addition, one rental unit is fully furnished and includes major household items and laundry equipment. The remaining units consist of a two-bedroom, one-bath apartment with an approximate laundry room, and a mobile home with options for three or four bedrooms and two bathrooms, including an add-on that could serve as a fourth bedroom or a second living area. The office landlord pays water and sewer for all tenants.

The property is located at 1205 S Main Street in Altus, OK. Public remarks indicate the office is currently 100% leased to long-term tenants, including a tax company that has been in place for over 20 years, with a three-year lease reported in place. All three rental units have been occupied for the past 24 months.

Financial statements for 2018 and 2019 are available for qualified potential buyers, per the provided materials.

Key Highlights

  • Office space with 1,400 SF plus three 100% occupied rental units generating current gross cash flow of $33,000
  • Office includes 4–6 offices, lobby/reception area, kitchen, and 2 bathrooms
  • Tax Masters tenant has been in the same location for over 20 years with a 3‑year lease in place

Property Analytics

Location Intelligence

Current Use by Public Records

ATM Atm Auto Repairs Anywhere ... Auto Repair Shop Dorms and apartments Apartment Complex laserpaper Apartment Building Taxmasters Inc Tax Preparation

Suggested Use

Dental Office Building Supply Real Estate Agency Auto Parts Store Electrical Service Garden Center Skin Care Clinic Nail Salon Big Box & Wholesale Store HVAC Service

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

FAQs

What type of property is this?
Office units - Office space with multiple offices and common areas plus three 100% occupied rental units generating current gross cash flow.
Where is this office units located?
The property is located at 1205 S Main Street Altus, OK.
What are key features of this property?
This property features: Office space with 1,400 SF plus three 100% occupied rental units generating current gross cash flow of $33,000; Office includes 4–6 offices, lobby/reception area, kitchen, and 2 bathrooms; Tax Masters tenant has been in the same location for over 20 years with a 3‑year lease in place
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