Property summary
This exceptional mixed-use property in Guthrie, Oklahoma's historic district, presents a compelling value-add investment opportunity. The 6,500 square foot building, constructed in 1890 and renovated in 2001, boasts a unique blend of historic charm and modern amenities. The property comprises four apartments and one ground-floor commercial space, currently operating at 85% occupancy. One apartment unit and the commercial space are currently vacant, offering immediate upside potential for increased rental income. Convenient off-street parking is available for tenants and visitors. Located in downtown Guthrie, this property benefits from high visibility and easy access, with direct street-to-door parking. Its prime location near local shops, restaurants, and attractions enhances tenant appeal and provides a stable income stream. The property's well-maintained condition requires minimal upkeep, making it an attractive investment for both seasoned and new investors. The thriving Guthrie community, with its rich history and convenient access to major highways and nearby cities like Edmond and Oklahoma City, offers a supportive environment for both businesses and residents. This is a rare chance to acquire a piece of Guthrie's vibrant commercial and multi-family real estate market. The asking price is $800,000.
Property profile
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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