10 Washington Ave Mcalester, OK 74501-4623
- Office buildings
- 108 SF
- 0.69 lot acres
Current Use by Public Records
- Parks Michael D / Personal Injury Attorney
- Allford Ivester & Green / Attorney
- Constantikes John J / Attorney
- Green Elaine / Attorney
- Thad Tate Bail Bonds / Bail Bonds Service
Property Details for 10 Washington Ave
- Year built
- 1966
- Lot size
- 0.69 lot acres
- Property size
- 108 SF
- Property type
- Office buildings
- APN
- 0100-00-318-004-0-004-00
- APU
- 10000318004000400
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $370,000
- 6.5%
- $430,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $365,000
- Mixed-Use
- $445,000
- Hospitality
- $355,000
- Educational
- $425,000
- Residential Income
- $490,000
- Energy
- $440,000
- Income-Based Land
- $405,000
- Food Service
- $440,000
Location Insight
- Map
- Local Demand
- City
- Mcalester
- County
- Pittsburg
- State
- Oklahoma
- Longitude
- -95.769
- Latitude
- 34.9342
- CBSA code
- 32540
- CBSA name
- MCALESTER, OK MICROPOLITAN STATISTICAL AREA