17 E Carl Albert Rd McAlester, OK 74501
For Sale
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This exceptional 1,824 square foot commercial property, located at 17 E Carl Albert Parkway Unit 17 in McAlester, Oklahoma, presents a unique investment opportunity. Situated on a 0.17-acre lot in the heart of downtown, this space boasts high visibility and heavy traffic, ensuring a steady flow of potential customers. Ideal for retail or office use, the property benefits from its proximity to numerous restaurants and shopping destinations, further enhancing its appeal and accessibility. Recent upgrades significantly enhance the space's functionality and aesthetic appeal. These improvements include the installation of new hardwood and vinyl flooring throughout, a fresh coat of paint, updated electrical systems for optimal performance, brighter lighting to create a welcoming atmosphere, and new locks for enhanced security. Ample parking is available both at the front and rear of the building, providing convenient access for clients and employees. While currently available for lease, with lease expiration in December 2024, this property offers significant potential for immediate income generation and long-term growth. The vibrant community and strategic location make this an attractive proposition for discerning investors seeking a strong return on investment in a thriving market. The asking price is $189,000.
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Nicole A. Brown, MS Physician
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Magnolia Med Spa & IV Therapy McAlester Spa & Massage Center Alternative Medicine Practice
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Morgan Buffington Counselor
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Southern Ok Treatment Services Health
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.