Property profile

1500 South George Nigh Expy McAlester, OK 74501

FOR SALE
Commercial land
Property ID
US69-0780545
71,379 SF 5.15 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
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1500 South George Nigh Expy, McAlester, OK 74501 For Sale
$1,700,000 71,379 SF
1500 South George Nigh Expy, McAlester, OK 74501
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Property summary

AI-generated overview

This exceptional 5.15-acre commercial land parcel presents a remarkable opportunity for businesses seeking high visibility and convenient access. Located at 1500 S George Nigh Expressway in McAlester, Oklahoma (zip code 74501), this property boasts unparalleled exposure to Highway 69, ensuring significant traffic flow and brand recognition. Its strategic location places it within close proximity to McAlester Regional Airport, enhancing its appeal to a wide range of businesses. The surrounding area is vibrant and diverse, with a mix of established retailers including Hobby Lobby, Ross Dress for Less, Five Below, Burkes, Old Navy, TJ Maxx, Atwoods, and numerous restaurants. This thriving retail environment offers a strong foundation for new businesses to flourish. The property's proximity to McAlester's historic districts, parks, golf course, and Lake Eufaula further enhances its attractiveness. This prime location offers easy access to a large customer base and provides a unique opportunity to establish a successful business in a growing community. The property is being offered for sale by owner. Contact for pricing.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1970
Total area 71,379 SF
Lot 5.15 ac (224,334 SF)
APN 0000-24-05N-14E-0-104-01
UPID US69-0780545

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic

Location

1500 South George Nigh Expy McAlester, OK 74501
McAlester metro Census 486600 MCALESTER, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.07M

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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