20 Main St Shawnee, OK 74801

Property Details for 20 Main St

Year built

1920

Property size

6,300 SF

Property type

Retail space

APN

0015-00-024-016-0-000-00

APU

1500024016000000

Description

This exceptional four-story, 24,500 square foot retail building, located at 20 W. Main Street in Shawnee, Oklahoma, presents a compelling investment opportunity. Built in 1904 and extensively renovated in 2015, the property boasts a prime location on a revitalized Main Street, featuring new sidewalks and parks. The first floor is currently occupied by five retail and office tenants, generating an estimated 8.15% cap rate. The building features a newly installed full glass retail frontage along Main Street, enhancing its curb appeal and maximizing natural light. Further enhancing its longevity, a new 25-year roof coating was applied in May 2024. The significant value-add potential lies in the redevelopment of the remaining three floors, offering a substantial opportunity to increase the property's overall return. The 7,000 square foot lot and the building's historic character combine to create a unique investment prospect in a thriving downtown area. This property is priced at $495,000, representing a price per square foot of $20.20. The property's zip code is 74801, situated in Pottawatomie County. This is a rare chance to acquire a piece of Shawnee's revitalized Main Street and capitalize on its ongoing growth.

Location Insight

City

Shawnee

County

Pottawatomie

State

Oklahoma

Longitude

-96.9238

Latitude

35.3275

CBSA code

43060

CBSA name

SHAWNEE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments