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    506 Don Tyler Ave Dewey, OK 74029

    Sponsored
    For Sale
    $850,000

    High-traffic corner lot, 7,184 sq ft building.

    Property size:
    7,184 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a 7,184 square foot building situated on a 17,500 square foot corner lot in Dewey, Oklahoma. The property, built in 1960, is zoned commercial and features 23 parking spaces. Previously used as a grocery store, pharmacy, and storefront, this versatile space offers significant potential for various uses. The asking price is $850,000, translating to $118.32 per square foot. The building is well-maintained and located on a high-traffic highway corner, offering excellent visibility and accessibility. A six-panel corner lot sign generates additional income, with each panel leasing for $100 per month. Dewey is experiencing growth with new jobs and revenue coming into the town's industrial park. This property offers immediate return potential and significant upside for future expansion and development. The low cost of living and a strong school system in Dewey add to the overall appeal of this investment. This is a move-in ready property with a strong foundation for immediate occupancy and future growth.

    Property Features for 506 Don Tyler Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,184 SF
    Class
    C

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic corner lot with a 7,184 SF building, ready for immediate occupancy.
    • Well‑maintained building; no deferred maintenance.
    • Excellent investment opportunity: prime highway corner location and building at a competitive price.
    • Existing signage generates $100/month per frame in rental income.
    • Move‑in ready for any business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Dewey
    County
    Washington
    State
    Oklahoma
    Longitude
    -95.9351506
    Latitude
    36.7988529

    Nearby Comparable

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      Restored Mixed-Use Buildings in Dewey

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      Renovated Industrial Buildings with Yard

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic corner lot, 7,184 sq ft building.
    Where is this individual retail property located?
    The property is located at 506 Don Tyler Ave Dewey, OK.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: High-traffic corner lot with a 7,184 SF building, ready for immediate occupancy.; Well-maintained building; no deferred maintenance.; Excellent investment opportunity: prime highway corner location and building at a competitive price.
    Request Owner's contact information
    506 Don Tyler Ave Dewey, OK 74029
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    Dewey, OK 74029
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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
    506 Don Tyler Ave Dewey, OK 74029
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