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Property profile & analytics
OFF-MARKET
Office Spaces

116 Main St Coalgate, OK 74538

1,440 SF 0.06 ac lot Built 1920
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1920
Total area 1,440 SF
Lot 0.06 ac (2,614 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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