1120 Main St Frederick, OK 73542
This versatile, 5,594 sq ft building in Frederick, OK, sits on 2 acres with 30 parking spaces. Originally built in 1958 and renovated in 2017, it boasts a prime location on S Main St, offering high visibility and highway traffic. Currently vacant, this Class B property is zoned commercial and presents multiple possibilities. Previously operating as a restaurant with separate dining and event spaces, it includes a large commercial kitchen. The layout allows for independent operation of each area, enhancing flexibility. Much of the existing kitchen equipment and dining room furniture may be included. Alternative uses include a hunters' lodge, retail showroom, office space, light manufacturing, or data hosting. The asking price is $245,000 ($43.80/sq ft). A modified lease is possible under a lease-purchase agreement with a qualified tenant.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.