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    116 2Nd St Guthrie, OK 73044

    Sponsored
    For Sale
    $800,000

    Historic Guthrie multi-family & retail opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Guthrie, Oklahoma's historic district, presents a compelling value-add investment opportunity. The 6,500 square foot building, constructed in 1890 and renovated in 2001, boasts a unique blend of historic charm and modern amenities. The property comprises four apartments and one ground-floor commercial space, currently operating at 85% occupancy. One apartment unit and the commercial space are currently vacant, offering immediate upside potential for increased rental income. Convenient off-street parking is available for tenants and visitors. Located in downtown Guthrie, this property benefits from high visibility and easy access, with direct street-to-door parking. Its prime location near local shops, restaurants, and attractions enhances tenant appeal and provides a stable income stream. The property's well-maintained condition requires minimal upkeep, making it an attractive investment for both seasoned and new investors. The thriving Guthrie community, with its rich history and convenient access to major highways and nearby cities like Edmond and Oklahoma City, offers a supportive environment for both businesses and residents. This is a rare chance to acquire a piece of Guthrie's vibrant commercial and multi-family real estate market. The asking price is $800,000.

    Property Features for 116 2Nd St

    General Information

    Property type
    Multifamily properties

    HighLights

    • High‑visibility downtown Guthrie location with convenient street‑level parking.
    • 6,500 square foot building featuring two commercial units.
    • Four apartments and one ground floor commercial space.
    • Historic 1890 building, renovated in 2001, blending historic charm with modern amenities.
    • Convenient off‑street parking.
    • Currently 80% occupied; one apartment and one commercial unit available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horizon Jiu-Jitsu Martial Arts Club

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Guthrie
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.4274291
    Latitude
    35.8773937

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    FAQs

    What type of property is this?
    Multifamily property - Historic Guthrie multi-family & retail opportunity.
    Where is this multifamily property located?
    The property is located at 116 2Nd St Guthrie, OK.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: High-visibility downtown Guthrie location with convenient street-level parking.; 6,500 square foot building featuring two commercial units.; Four apartments and one ground floor commercial space.
    Request Owner's contact information
    116 2Nd St Guthrie, OK 73044
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    Guthrie, OK 73044
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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
    116 2Nd St Guthrie, OK 73044
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