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    301 Milt Phillips Ave Seminole, OK 74868

    Sponsored
    For Sale
    $612,000

    High-traffic storefront, 15,300 SF

    Property size:
    15,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 15,300-square-foot commercial building in Seminole, Oklahoma, is available for $612,000. Located on Highway 377, it boasts excellent street visibility and high traffic counts. The single-story building features a newly installed roof and updated interior lighting, enhancing its appeal and functionality. The main floor offers ample space for retail operations, currently configured as a furniture store, but adaptable to various retail or office uses. A significant advantage is the inclusion of an additional 4,000 square feet of basement space, ideal for warehouse storage or other supplementary uses. The property is zoned for commercial use, providing flexibility for a wide range of businesses. With its prime location, recent improvements, and versatile layout, this property presents a compelling investment opportunity in the thriving Seminole market. The building's 15,300 square feet of net rentable space is priced at $40 per square foot. This turnkey property is ready for immediate occupancy.

    Property Features for 301 Milt Phillips Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    15,300 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $612,000 asking price for this 15,300 square foot retail storefront.
    • Located at 301 N Milt Phillips Ave, Seminole, OK 74868.
    • Features a new roof and new interior lighting.
    • Includes 15,300 square feet of ground floor space plus a 4,000 square foot basement for storage.
    • Currently used as a furniture store, suitable for various retail or office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Loftis Furniture of Seminole Furniture Store

    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
    -96.67105106
    Latitude
    35.22548354

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic storefront, 15,300 SF
    Where is this individual retail property located?
    The property is located at 301 Milt Phillips Ave Seminole, OK.
    What is the asking price?
    The asking price for this property is $612,000.
    What are key features of this property?
    This property features: $612,000 asking price for this 15,300 square foot retail storefront.; Located at 301 N Milt Phillips Ave, Seminole, OK 74868.; Features a new roof and new interior lighting.
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    301 Milt Phillips Ave 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
    301 Milt Phillips Ave Seminole, OK 74868
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