116 Main St Coalgate, OK 74538
This exceptional 1,440 square foot office building is situated in the heart of Coalgate, Oklahoma's vibrant downtown area. Located at 116 N Main Unit 116, this property offers a unique blend of historic charm and modern functionality. The building features large windows that flood the interior with natural light, complemented by attractive vaulted ceilings and original exposed masonry perimeter walls. Previously used as a restaurant, the space retains a commercial vent hood, a valuable asset for potential food service businesses. Two indoor/outdoor units ensure efficient cooling throughout the building. A significant advantage is the inclusion of a small apartment on the second floor, located on the east side of the building, adding versatility and potential rental income. The flexible layout makes this space ideal for a variety of commercial uses, from offices to a restaurant conversion. Ample parking is available on Main Street and to the north of the building. The 0.06-acre lot provides convenient access and visibility in this thriving small town, which boasts a welcoming atmosphere with a range of amenities including donut shops, restaurants, boutiques, and outdoor recreational areas. This property presents a rare opportunity to own a piece of Coalgate's history while capitalizing on its promising future. The asking price is $145,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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