117 S Walnut Ave, Erick, OK 73645
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Erick, OKErick. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.