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Property profile & analytics
OFF-MARKET
Commercial real estate

209 Main 211 Watonga, OK 73772

Built 1970
Property ID
Property summary
AI-generated overview

This exceptional commercial investment opportunity encompasses two buildings situated on the desirable East end of Main Street in downtown Watonga, Oklahoma. The property consists of two adjacent buildings offering a combined potential of approximately 7100 square feet. 209 E Main Street, boasting roughly 2100 square feet, underwent a significant remodel in 2018. These renovations included complete overhauls of the electrical and plumbing systems, new drywall and insulation, updated carpeting, and a new HVAC system. The building also features well-appointed office spaces and a functional kitchen area. Comprehensive mold remediation has been completed, and documentation is available. A previously identified leak in the rear corner has been successfully addressed with the installation of exterior drainage. The second building, 211 E Main Street, offers approximately 5000 square feet of space. While unfinished, this building has seen substantial progress on renovations. New wiring and insulation have been installed, partial painting is complete, and plumbing is in place for a new HVAC system (though the unit itself has not yet been purchased or installed). This building features a large conference room, a reception area, and a versatile office space that can be easily subdivided to create multiple smaller offices or a single large office. A kitchen area is also included. The roof on this building was replaced in 2019. This property presents a unique opportunity for an investor or business owner seeking a significant presence in the heart of Watonga. The combination of a fully renovated building and a partially completed building with considerable potential offers a flexible and valuable investment.

Property profile
Verified
Property type Commercial real estate
Year built 1970
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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