2115 Broadway St Altus, OK 73521
This exceptional 4.88-acre commercial property, located at 2115 E Broadway Street in Altus, Oklahoma, presents a remarkable investment opportunity. The expansive rectangular lot, measuring approximately 185 feet by 1124 feet, is ideally situated within a thriving commercial district. Its strategic location offers excellent visibility and accessibility, surrounded by established businesses including car dealerships, recreational vehicle sales centers, a parts store, a lumber yard, and various restaurants. The property currently has a month-to-month lease in place, providing immediate income potential and flexibility for future development. The substantial size and prime location of this parcel offer a multitude of possibilities for various commercial ventures. Whether you envision expanding an existing business, developing a new commercial project, or capitalizing on the strong rental income, this property provides a solid foundation for success in the dynamic Altus market. The existing lease provides a stable income stream while you explore your options for long-term development. Don't miss this chance to acquire a significant commercial land holding in a high-growth area. The asking price is $115,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.