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    117 Grand Ave Tonkawa, OK 74653

    Sponsored
    For Sale
    $230,000

    Versatile Flex Space, Historic Charm

    Property size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial property in Tonkawa, Oklahoma, presents a rare investment opportunity. Located at 117 W Grand Ave, this mixed-use property encompasses two buildings totaling 21,000-24,000 square feet on a 16,000-18,000 square foot lot. Built in 1920 and renovated in 2000 and 2023, the property features two stories and is zoned for commercial use. Currently housing a thriving antique mall with multiple rental booths (rent rolls available upon request), the property offers immense versatility. Its history as the First Christian Church adds unique character and charm, while its prime location ensures excellent visibility and accessibility. Ideal for a variety of uses, including event space, retail, or office space, this property is perfect for investors seeking high returns or business owners looking for a unique and established location. The property's adaptable layout and strong existing tenant base make it a truly exceptional investment opportunity in the heart of Tonkawa. The asking price is $230,000.

    Property Features for 117 Grand Ave

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    21,000 SF

    Building Details

    Year Built/Renovated
    1920/2000
    Buildings
    2
    Stories
    2

    HighLights

    • Multi‑tenant retail building currently operating as an antique mall, generating rental income from individual vendor booth leases.
    • Available rent rolls detail current income from vendor leases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frames & Things Picture Frame Shop Treasures on Grand Shopping Mall

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonkawa
    County
    Kay
    State
    Oklahoma
    Longitude
    -97.3107670947
    Latitude
    36.678356063177

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    FAQs

    What type of property is this?
    Church & religious facility - Versatile Flex Space, Historic Charm
    Where is this church & religious facility located?
    The property is located at 117 Grand Ave Tonkawa, OK.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: Multi-tenant retail building currently operating as an antique mall, generating rental income from individual vendor booth leases.; Available rent rolls detail current income from vendor leases.;
    Request Owner's contact information
    117 Grand Ave Tonkawa, OK 74653
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    Tonkawa, OK 74653
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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
    117 Grand Ave Tonkawa, OK 74653
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