422 S Main St, Unit McAlester McAlester, OK 74501
- Retail space
- 6,000 SF
- 0.53 lot acres
Current Use by Public Records
- Mc Alester Washer & Dryer Services / Appliance Repair Service
Property Details for 422 S Main St
- Year built
- 1971
- Lot size
- 0.53 lot acres
- Property size
- 6,000 SF
- Property type
- Retail space
- APN
- 0100-00-479-018-0-018-00
- APU
- 10000479018001800
Description
This exceptional 15,000-square-foot mixed-use property, situated on a half-acre lot in the heart of downtown McAlester, Oklahoma, presents a unique investment opportunity. Currently configured as a medical marijuana dispensary and grow facility, the building boasts substantial existing infrastructure perfectly suited for continued operation in this sector or adaptable for a variety of other uses. The property features insulated foam walls, ensuring efficient climate control and reduced energy costs. Comprehensive plumbing and three-phase electrical service are already installed, eliminating significant upfront investment for many potential tenants or operators. The strategic downtown location offers high visibility and convenient access to major thoroughfares, maximizing exposure and attracting a substantial customer base. The versatile layout allows for flexible configuration to suit diverse business needs, making it an ideal choice for entrepreneurs seeking a ready-to-occupy space or investors looking for a strong return on investment. With its substantial size and prime location, this property represents a rare opportunity to acquire a well-equipped and strategically positioned commercial asset in a thriving Oklahoma community. The 0.52-acre lot provides ample space for expansion or outdoor operations, further enhancing its appeal and potential. This is a turnkey operation ready for immediate occupancy or redevelopment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $240,000
- 6.5%
- $245,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $275,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $200,000
- Retail
- $275,000
- Mixed-Use
- $220,000
- Hospitality
- $275,000
- Educational
- $240,000
- Residential Income
- $240,000
- Energy
- $220,000
- Income-Based Land
- $270,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- Mcalester
- County
- Pittsburg
- State
- Oklahoma
- Longitude
- -95.77
- Latitude
- 34.9276
- CBSA code
- 32540
- CBSA name
- MCALESTER, OK MICROPOLITAN STATISTICAL AREA
