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    20 Main St Shawnee, OK 74801

    For Sale
    $495,000

    Historic storefront, high income potential

    Property size:
    24,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional four-story, 24,500 square foot retail building, located at 20 W. Main Street in Shawnee, Oklahoma, presents a compelling investment opportunity. Built in 1904 and extensively renovated in 2015, the property boasts a prime location on a revitalized Main Street, featuring new sidewalks and parks. The first floor is currently occupied by five retail and office tenants, generating an estimated 8.15% cap rate. The building features a newly installed full glass retail frontage along Main Street, enhancing its curb appeal and maximizing natural light. Further enhancing its longevity, a new 25-year roof coating was applied in May 2024. The significant value-add potential lies in the redevelopment of the remaining three floors, offering a substantial opportunity to increase the property's overall return. The 7,000 square foot lot and the building's historic character combine to create a unique investment prospect in a thriving downtown area. This property is priced at $495,000, representing a price per square foot of $20.20. The property's zip code is 74801, situated in Pottawatomie County. This is a rare chance to acquire a piece of Shawnee's revitalized Main Street and capitalize on its ongoing growth.

    Property Features for 20 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    24,500 SF

    Building Details

    Year Built/Renovated
    1904/2015

    HighLights

    • Prime Main Street location in revitalized area.
    • Modern storefront featuring a full glass façade.
    • New 25‑year roof, minimizing maintenance costs.
    • Strong current income with significant value‑add opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Saumty Hypnosis & Holistic ... Hypnotherapy Service 20 West Works Business Center The Leafy Sol Dispensary Gift Shop Artzy Fartzy Artistic Handicrafts Benson Park Photography Photographer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Shawnee
    County
    Pottawatomie
    State
    Oklahoma
    Longitude
    -96.9244243
    Latitude
    35.3276829

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    FAQs

    What type of property is this?
    Individual retail property - Historic storefront, high income potential
    Where is this individual retail property located?
    The property is located at 20 Main St Shawnee, OK.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Prime Main Street location in revitalized area.; Modern storefront featuring a full glass façade.; New 25-year roof, minimizing maintenance costs.
    Request Owner's contact information
    20 Main St Shawnee, OK 74801
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    Shawnee, OK 74801
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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
    20 Main St Shawnee, OK 74801
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