103 3rd St Owasso, OK 74055
This exceptional mixed-use property, located at 103 W 3rd Street, Unit 103, in Owasso, Oklahoma's vibrant Redbud District, presents a unique investment opportunity. Spanning 837 square feet and situated on a sizable 0.22-acre lot, this property offers significant potential for a variety of uses. The building itself boasts recently updated plumbing and an electrical panel, ensuring modern functionality. Ample parking is available on the property, a significant advantage in a bustling area. The sale includes both the main building and a barn, both sold in "as-is" condition. This presents a chance to acquire a well-located property with considerable space and potential for immediate income generation or future development. The property's prime location within the Redbud District offers excellent visibility and accessibility, making it an attractive proposition for business owners and investors alike. The large lot provides ample room for expansion or outdoor activities, further enhancing its versatility. This is a rare opportunity to own a piece of Owasso's thriving commercial landscape. Serious inquiries are encouraged to explore the full potential of this remarkable property. The asking price is $249,900.
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Lowman Travel (Tammy Scott) Travel Agency
DM Downtown Mixed PF Public Facilities (PF and DM Districts excluded from scale) The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within…
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
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Property description
Physical attributes from public recordsZoning & alternative use
DM · Owasso, OKDM Downtown Mixed PF Public Facilities (PF and DM Districts excluded from scale) The Residential Mobile Home Park (RMH), Commercial General (CG), Commercial High Intensity (CH), and Industrial Heavy (IH) zoning dis tricts are carried forward from the previous version of this Code and are hereby considered “legacy” districts. All existing lots and uses within these legacy districts are considered legal and conforming, provided that they conform to the applicable regulations of the prior version of this Code. New developments within a legacy zoning district must adhere to all applicable regulations of this Code. No property may be zoned or rezoned into a legacy zoning district after the date of adoption of this Code. For other previously existing zoning districts that are no longer d escribed in this Code, refer to the zoning district that most closely matches the district in question. The Community Development Director or their designee shall make a determination.
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.