109980 Hwy 150 Checotah, OK 74426-5592
- Warehouses
- 4,200 SF
- 1.53 lot acres
Current Use by Public Records
- Warehouses
Property Details for 109980 Hwy 150
- Year built
- 2005
- Lot size
- 1.53 lot acres
- Property size
- 4,200 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 0000-17-11N-16E-4-007-01
- APU
- 00001711N16E400701
Description
This exceptional mixed-use property in Checotah, Oklahoma, presents a lucrative investment opportunity. Located on Highway 150, near Lake Eufaula State Park and I-40, this property boasts a fully equipped convenience store ready for immediate operation. The store includes a kitchen with various appliances such as ice machines, a snow cone machine, a pizza oven, a soda fountain, and a deli meat slicer, ensuring diverse revenue streams. A two-bedroom apartment, complete with new flooring and a vanity, provides additional income potential or owner occupancy. The property has recently undergone significant improvements, including a new roof, updated electrical system, and enhanced lighting, minimizing future maintenance costs. Adding to the income potential is a 28-unit storage building featuring operational doors and concrete floors, providing a stable and reliable income stream. A substantial 30x60 shop offers ample space for expansion, allowing for the addition of new businesses or the expansion of existing ones. The property sits on a 1.53-acre lot, providing ample space for parking and future development. With a total square footage of 2,240, this property offers a unique blend of commercial and residential uses, making it an ideal investment for entrepreneurs seeking a turnkey operation with significant upside. The asking price is $299,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $220,000
- 7%
- $215,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $265,000
- Retail
- $200,000
- Mixed-Use
- $255,000
- Hospitality
- $265,000
- Educational
- $235,000
- Residential Income
- $250,000
- Energy
- $240,000
- Income-Based Land
- $260,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Checotah
- County
- Mcintosh
- State
- Oklahoma
- Longitude
- -95.6285
- Latitude
- 35.4207