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    229 Heritage St Lone Grove, OK 73443

    For Sale
    $750,000

    Vacant Office, 3859 SF, Updated

    Property size:
    3,859 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 3,859 square foot office building, located at 229 Heritage Street in Lone Grove, Oklahoma (zip code 73443), is available for $750,000. Built in 1990 and renovated in 2021, the single-story building sits on a 0.83-acre lot. The property features ample parking in a concrete lot, and is conveniently located less than five miles from Interstate 35 and Ardmore, OK. While previously configured as a restaurant, the space is currently vacant and offers versatile options for various office uses. The interior includes a large open area, a full kitchen with walk-in cooler/freezer, and several storage areas. The property's recent renovation provides a modern and updated space ready for immediate occupancy. The high daily traffic count on Highway 70 makes this an attractive location for businesses seeking high visibility. The sale price equates to $194.35 per square foot. The property is being offered for sale by owner.

    Property Features for 229 Heritage St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,859 SF
    Lot Size
    36,155 SF

    Building Details

    Year Built/Renovated
    1990/2021
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lone Grove
    County
    40019
    State
    Oklahoma
    Longitude
    -97.2513579
    Latitude
    34.1721805

    Nearby Comparable

    • $490,000
      30.00 Acres

      30 Acres on Highway 70

      30 acres suitable for commercial use or custom home.
      Us Highway 70, Lone Grove, OK 73443
      View Details
    • $397,100
      4.18 Acres

      Highway Frontage Commercial Land

      4.18 acres with highway frontage in high-traffic area.
      70 Frontage High Volume Traffic - Great Location, Ardmore, OK 73401
      View Details
    • $325,000
      12.51 Acres

      Lush Land with Development Potential

      12.51 acres of tree-filled land with utilities available.
      Evergreen St, Lone Grove, OK 73443
      View Details
    • $340,000
      40.00 Acres

      Lone Grove Acreage with Pecan Trees

      40 acres in Lone Grove School District with solar well.
      Memorial Rd, Lone Grove, OK 73443
      View Details
    • $599,000
      10,240 SF

      538 Case Rd, Ardmore, OK 73401

      Investment properties • 10,240 SF
      538 Case Rd, Ardmore, OK 73401
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Vacant Office, 3859 SF, Updated
    Where is this office property / space located?
    The property is located at 229 Heritage St Lone Grove, OK.
    What is the asking price?
    The asking price for this property is $750,000.
    Request Owner's contact information
    229 Heritage St Lone Grove, OK 73443
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    Lone Grove, OK 73443
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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
    229 Heritage St Lone Grove, OK 73443
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