209 Main 211 Watonga, OK 73772
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.
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.