104 2Nd St Okemah, OK 74859
This remarkable 15,072 square foot building, situated on a 0.13-acre lot at 104 S 2nd Street in Okemah, Oklahoma, presents a unique investment opportunity. Previously housing a successful Italian restaurant and insurance office, the property offers diverse income potential. The ground floor boasts a spacious office area with a lobby, reception, office space, two bathrooms, a shower, and living quarters – ideal for a live-work arrangement. The former restaurant section includes a fully equipped kitchen (equipment not included), dishwashing area, two restrooms, a bar, and an elevated dining area. A fully functional basement, perfect for a music venue, features a small stage, bar, additional seating, two restrooms, a shower, extra rooms, and ample storage. Recent modernization efforts in Okemah and Okfuskee County's liquor laws create a favorable environment for this type of establishment. The second floor, currently used for storage, is a unique space with roaring twenties-era architecture, offering significant potential for conversion into modern apartments or additional office space with its own street access. This floor will require substantial renovation and creative vision. The property's central location in Okemah offers excellent visibility and accessibility. The asking price is $159,900. This is a rare chance to acquire a substantial property with a rich history and significant upside potential.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.