For Sale
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Property summary
This exceptional 6,942 square foot building, situated on a one-acre lot at 106 W Oklahoma Avenue in historic downtown Guthrie, Oklahoma, presents a unique investment opportunity. Constructed in 1899, shortly after the Oklahoma Land Run, this landmark property boasts a rich history. The ground floor, recently remodeled with new bathrooms, flooring, and HVAC systems, offers a turnkey solution for a restaurant or similar business. For over 25 years, it successfully housed the popular Hunan Palace restaurant, and more recently, operated as a medical marijuana dispensary. This demonstrates its adaptability and strong potential for various commercial uses. The upper floor, currently vacant, presents significant upside potential for conversion into office space or residential units, expanding the property's income streams. The building's prime location in the heart of Guthrie offers excellent visibility and accessibility. The asking price is $495,900, or the property is available for lease at $8 per square foot, NNN. This is a rare chance to acquire a piece of Oklahoma history and capitalize on its versatile commercial possibilities. The building's excellent condition and recent renovations minimize upfront capital expenditures, making it an attractive proposition for discerning investors and entrepreneurs.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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