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Property profile & analytics
OFF-MARKET Estimated value $740,000
Retail space

109 Broadway St Lexington, OK 73051-8907

6,722 SF 0.16 ac lot Built 1894
Individually Owned 3-yr Hold Free & Clear
Property ID
US69-0575966
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1894
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,722 SF
Lot 0.16 ac (6,970 SF)
APN LX57AAAOT 42 27001
UPID US69-0575966
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.03M
Comparable Approach Comparable
$736k
Blend (final) Blend
$740k
Owner & transaction history
Jerry Wayne Guy · 3 yrs held
Jerry Wayne Guy
since 2022
Last sale
$49,000
5 recorded transactions
2022
$49,000
2019
Price N/A
2016
$20,000
2015
Price N/A
2008
$56,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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