306 N Choctaw Ave El Reno, OK 73036
- Turn key restaurants
- 4,010 SF
- 0.27 lot acres
Current Use by Public Records
- Jenna Brown Law / Attorney
Property Details for 306 N Choctaw Ave
- Year built
- 1920
- Lot size
- 0.27 lot acres
- Property size
- 4,010 SF
- Property type
- Turn key restaurants
- APN
- 90024796
- APU
- 90024796
Description
This 4,010 square foot commercial building, built in 1920, is situated at 306 N Choctaw Ave, El Reno, OK 73036. The property, zoned for commercial use (APN 090024796), offers a unique investment opportunity. Located on busy Highway 81, directly across from the Canadian County Courthouse, it benefits from high visibility and significant daily traffic. The single-story building comprises up to five separate suites, each with its own exterior entrance, providing privacy for individual tenants. One suite is currently configured as a restaurant, while others are better suited for office use. The asking price is $219,900, translating to $54.84 per square foot. This presents a chance to establish your own office space, lease the suites for rental income, or utilize the building for other commercial purposes. The property's prime location and versatile layout make it an attractive option for a variety of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $180,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $145,000
- 7%
- $130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $145,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $155,000
- Retail
- $165,000
- Mixed-Use
- $175,000
- Hospitality
- $175,000
- Educational
- $135,000
- Residential Income
- $160,000
- Energy
- $175,000
- Income-Based Land
- $165,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- El Reno
- County
- Canadian
- State
- Oklahoma
- Longitude
- -97.9546
- Latitude
- 35.5353
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
