110 Dewey Ave Sapulpa, OK 74066-4204
- Retail space
- 2,057 SF
- 0.09 lot acres
Jun 13, 2023
Current Use by Public Records
- Downtown Brown Tanning, Boutique and Spa / Tanning Salon
- STUDIO THIRTHEEN / Spa / Beauty Salon
- Frame Shoppe / Art Restoration Service
Property Details for 110 Dewey Ave
- Year built
- 1910
- Lot size
- 0.09 lot acres
- Property size
- 2,057 SF
- Property type
- Retail space
- APN
- 1000-00-048-000-0-070-00
- APU
- 100000048000007000
Description
This exceptional 7,399 sq ft mixed-use property, situated on a one-acre lot at 110 E Dewey Avenue in downtown Sapulpa, Oklahoma, presents a unique investment opportunity on the iconic Route 66. The ground floor currently houses two thriving retail businesses, recently renovated, ensuring immediate income potential. Upstairs, a beautifully renovated loft space (completed in 2015) offers versatile options. The open-concept design features a modern kitchen with bar and island, a spacious living area, a primary bedroom with en-suite bathroom and walk-in closet, four additional rooms, two half-baths, and a laundry room. An atrium adds to the space's flexibility. This property benefits from Sapulpa's ongoing downtown revitalization, including new city parking, a decorative alleyway, and a nearby green space leading to an outdoor entertainment venue. The city's substantial investment in infrastructure improvements positions this location for significant long-term growth, as evidenced by the annual Christmas Chute event, attracting approximately 10,000 visitors on peak nights and over 500,000 in 2024. The property's central location offers high visibility and accessibility, making it ideal for investors, developers, or business owners seeking to capitalize on Sapulpa's vibrant downtown transformation projected over the next 10-20 years. This is a chance to own a piece of Route 66 history and participate in the exciting future of Sapulpa.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $330,000
- ML approach
- $350,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $380,000
- 6.5%
- $350,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $299,000
- AI Estimate
- $290,000
Market price range: $123k - $299kMarket price range: $110k - $291k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $225,000 Current use
- OFFICE BUILDING
- $400,000 Change: +78% Conversion: Easy
- AUTO REPAIR, GARAGE
- $245,000 Change: +10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Sapulpa
- County
- Creek
- State
- Oklahoma
- Longitude
- -96.1123
- Latitude
- 35.9985
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA