Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Erick, OKZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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