Property profile

117 Walnut Ave Erick, OK 73645

OFF-MARKET
Specialty properties
Property ID
US69-0905385
2,032 SF 0.4 ac lot Built 1938
Entity Owned Free & Clear
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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

Location

117 Walnut Ave Erick, OK 73645
Erick metro Census 966500 ELK CITY, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Zoning & alternative use

C1 · Erick, OK

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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