361 Main St Fairfax, OK 74637-3026
This expansive 6,008 square foot mixed-use building presents a unique investment opportunity in Fairfax, Oklahoma. Strategically located on a corner lot at 361 N Main Street, Unit 361, the property enjoys high visibility and ample parking across three combined lots. The building itself features three large interior rooms, perfectly suited for a variety of commercial ventures. Two walk-in cooler lockers and a beverage cooler/freezer are currently in place, remnants of its previous use as a fully licensed marijuana grow operation. Note that the grow equipment is not included in the asking price of $299,000 but is available for separate negotiation. The building is well-maintained, boasting a newer metal roof and updated HVAC systems, minimizing future maintenance costs. The three-acre lot provides significant space for expansion or outdoor activities related to the chosen business. Its prime location on Main Street, coupled with additional side street and ample parking, ensures high traffic and accessibility. This versatile property is ready for its next chapter, offering significant potential for a savvy investor or entrepreneur. The flexible layout and existing infrastructure make it ideal for a range of commercial uses.
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
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.