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Property profile & analytics
OFF-MARKET
Retail space

422 Main St Mcalester, OK 74501-5802

6,000 SF 0.53 ac lot Built 1971
Entity Owned 6-yr Hold Free & Clear
Property ID
US69-0851089
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1971
Total area 6,000 SF
Lot 0.53 ac (22,870 SF)
APN 0100-00-479-018-0-018-00
UPID US69-0851089
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
Current use
Occupant on record · Public records
  • Mc Alester Washer & Dryer Services Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Velvet Bigfoot LLC · 6 yrs held
Velvet Bigfoot LLC
since 2020
Last sale
$200,000
1 recorded transaction
2020
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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