512 1 St Sugden, OK 73573
- Office Properties & Spaces
- 840 SF
- 0.40 lot acres
Current Use by Public Records
- Auctioneers / Auction House
Property Details for 512 1 St
- Year built
- 1972
- Lot size
- 0.40 lot acres
- Property size
- 840 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a newly renovated, two-story building situated on a 0.4-acre lot in Waurika, Oklahoma. The property, located at 512 S 1st St, boasts a combined 840 square feet, encompassing both executive office and apartment spaces. Built in 1972 and extensively renovated in 2023, the building features a new roof, plumbing, electrical system, and fresh paint. The sale includes existing furniture. The property is zoned commercial and offers a compelling 12% cap rate, making it an attractive prospect for investors. The building's prime location on Highway 70 and 1st Street ensures high visibility and accessibility. The asking price is $89,000, and owner financing may be considered. This freestanding structure presents a unique blend of office and residential space, ideal for a variety of uses. The property consists of one unit and is classified as a Class B multifamily/office building. This is a rare opportunity to acquire a turnkey investment property in a desirable location with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sugden
- County
- Waurika
- State
- Oklahoma
- Longitude
- -98.0029
- Latitude
- 34.1597
