Property profile

106 Oklahoma Ave Guthrie, OK 73044

FOR SALE
Retail space
Property ID
US69-0276988
6,942 SF 1 ac lot Built 1899
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1899
Total area 6,942 SF
Lot 1 ac (43,560 SF)
APN 420001317
UPID US69-0276988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

106 Oklahoma Ave Guthrie, OK 73044
Guthrie metro Census 601000 OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2020
Last sale
$260,000
1 recorded transaction
2020
$260,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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