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    FOR SALE
    Specialty properties

    117 S Walnut Ave, Erick, OK 73645

    2,032 SF 0.4 ac lot Built 1938
    Entity Owned Free & Clear
    Property ID
    US69-0905385
    No photos on file
    For Sale
    $64,900 2,032 SF
    117 S Walnut Ave, Erick, OK 73645
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    Property summary
    AI-generated overview

    This exceptional 2,032 square foot commercial property, situated on a 0.4-acre lot at 117 S Walnut Avenue in Erick, Oklahoma, presents a unique investment opportunity. Previously utilized as a funeral home, this adaptable building offers immense potential for a variety of commercial ventures. Imagine transforming this space into a thriving office complex, a small retail establishment, or even a unique boutique. The existing structure is well-maintained and ready for immediate occupancy, minimizing upfront renovation costs. The layout is flexible and easily configurable to suit diverse business needs. The property's central location in Erick provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for clients and employees. Furthermore, with minimal remodeling, this building could be converted back into a residential dwelling, offering additional investment flexibility. The asking price of $64,900 represents a significant value for a property with such versatility and location advantages. Don't miss this chance to acquire a prime commercial property in a growing community. This is a rare opportunity to own a piece of Erick's future. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Specialty properties
    Use group CREMATORIUM, MORTUARY
    Year built 1938
    Construction FRAME
    Total area 2,032 SF
    Lot 0.4 ac (17,500 SF)
    Zoning code C1
    APN 0660-00-029-004-0-000-00
    UPID US69-0905385
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    PREMIER FUNERAL MANAGEMENT
    PREMIER FUNERAL MANAGEMENT
    Zoning & alternative use
    C1 · Erick, OK
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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