109 Broadway St Lexington, OK 73051-8907
This versatile 6,722 square foot commercial building located at 109 W Broadway in Lexington, Oklahoma, presents a unique investment opportunity. Currently undergoing repairs to address previous roof leaks, this property boasts a rich history as a restaurant, complete with a still-in-place commercial ventilation system. The expansive interior space is adaptable to a wide range of commercial uses, such as an antique mall, craft mall, or other retail ventures. The building requires some tenant improvements to reach its full potential. Adding to its appeal is a sizable two-bedroom, two-bathroom apartment situated at the rear of the building. This apartment offers convenient access to a garage, providing ample storage space. Note that the garage requires the installation of a new door. The entire building is equipped with three central heating and air conditioning units, ensuring climate control throughout. The property sits on a 0.16-acre lot, offering potential for outdoor expansion or additional parking. This property is priced affordably at $69,900, making it an attractive proposition for savvy investors seeking a high-return opportunity with significant upside potential. The building's flexible layout and existing infrastructure make it an ideal canvas for a creative entrepreneur or investor looking to establish a thriving business in a prime Lexington location.
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
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.