Cannabis Facility with Flexible
For Sale
$349,000
503 Kentucky Avenue, Panama, OK 74951
Metal construction, spray-foam insulation, and existing room divisions are in place.
Property Size9,798 SF
Price / SF$35.62
Days on Market43
Property Features for 503 Kentucky Avenue
General Information
Standard status
Active
Size
9,798 SF
Property subtype
CommercialSale
Listing Agency:
Keller Williams Realty Preferred
(918) 470-3788
Listed By:
Michael Klick · License #153038
(918) 470-3788
Source:
Assurancerealtyfsm
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 5:44PM
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 Keller Williams Realty Preferred
Investment Insights
Based on property information with market context.
Formerly used as a medical grow operation, this metal red-iron building includes 12' sidewalls and at least 3" of spray-foam insulation across the walls and ceiling. Interior improvements include approximately 10 rooms measuring 20' x 40' each, or 800 sq ft, with drywall already installed. The rooms can be completed as two-bedroom, one-bath units or adapted into climate-controlled mini-storage spaces with interior and/or exterior access.
Multiple HVAC units, including mini-splits, are in place and may be negotiated to remain with the building. Existing site improvements also include fuel pumps, tanks, and a canopy, providing a basis for potential conversion to a grocery or convenience store. The property is located at 503 Kentucky Avenue in Panama, Oklahoma.
Multiple HVAC units, including mini-splits, are in place and may be negotiated to remain with the building. Existing site improvements also include fuel pumps, tanks, and a canopy, providing a basis for potential conversion to a grocery or convenience store. The property is located at 503 Kentucky Avenue in Panama, Oklahoma.
Key Highlights
- Former medical grow operation in a metal red‑iron building
- 12' sidewalls with minimum 3" spray‑foam insulation on ceilings and walls
- Approximately 10 rooms measuring 20' x 40' each, or 800 sq ft
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Explore this area
Business Placement
Demographics for 74951, OK
1,332
Population
745
Households
1.8
Avg Household Size
39
Median Age
7%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
296
Density / Sq Mi
$50,813
Median Household Income
$40,052
Median Earnings
$816
Median Rent
$124,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Cannabis property - Metal construction, spray-foam insulation, and existing room divisions are in place.
Where is this cannabis property located?
The property is located at 503 Kentucky Avenue Panama, OK.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Former medical grow operation in a metal red‑iron building; 12' sidewalls with minimum 3" spray‑foam insulation on ceilings and walls; Approximately 10 rooms measuring 20' x 40' each, or 800 sq ft
