10 Washington Ave Mcalester, OK 74501-4623
This exceptional 12,148 square foot property, located at 10 E Washington Avenue, Unit 10, in the heart of downtown McAlester, Oklahoma, presents a unique investment opportunity. Situated on a 0.69-acre lot, this property boasts a highly desirable location with convenient access to local shops, restaurants, and other amenities. A key advantage is its dedicated parking lot, a rare find in a downtown setting, ensuring ample parking for tenants and customers. The property is currently generating income from long-term tenants, providing immediate return on investment. Recent upgrades and renovations have enhanced both the interior and exterior, ensuring the property is well-maintained and attractive. This versatile property is suitable for both investors seeking a steady income stream and owner-occupants looking for a prime location with existing rental income. The established tenants contribute to the property's financial stability, potentially covering a significant portion of ownership costs. This is a rare chance to acquire a substantial property in a thriving downtown area, offering significant potential for future growth and profitability. The asking price is $575,000.
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Parks Michael D Law Firm
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Allford Ivester & Green Law Firm
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Constantikes John J Law Firm
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Green Elaine Law Firm
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Thad Tate Bail Bonds Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.