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Property profile & analytics
OFF-MARKET
Retail space

231 Broadway St Lexington, OK 73051-9046

3,334 SF 0.32 ac lot Built 1918
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US69-0607920
Property summary
AI-generated overview

This charming 1918 Methodist church presents a unique investment opportunity in Lexington, Oklahoma. Situated on a 0.32-acre lot (14,000 sq ft) directly on Highway 39, this 3,334 square foot building boasts a striking 20-foot high decorative ceiling, adding to its historical character. While some renovations are needed, the property is currently usable in its existing condition. The C-1 retail zoning allows for diverse uses, including the possibility of residential occupancy, either in conjunction with a business or independently. This versatile property offers significant potential for adaptive reuse, capitalizing on its prime highway location and distinctive architectural features. The building's size and zoning provide flexibility for a variety of commercial ventures or a unique residential conversion project. Its prominent Highway 39 location ensures high visibility and accessibility, making it an attractive proposition for entrepreneurs and investors alike. The substantial lot size offers ample space for expansion or additional development. This is a rare chance to acquire a piece of Lexington's history with significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1918
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,334 SF
Lot 0.32 ac (13,939 SF)
APN LX57AAAOT 44 29001
UPID US69-0607920
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Bryan J Wilson · 7 yrs held
Bryan J Wilson
since 2019
3 recorded transactions
2019
$60,000
2013
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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