507 Main St Madill, OK 73446-1612
This exceptional mixed-use property at 507 E Main Street, Unit 507, Madill, OK, offers a unique investment opportunity. Boasting 1,560 square feet of space, this property sits on a 0.83-acre lot and is ideally situated with approximately 386 feet of highway frontage along State Highways 199/377, extending from the railroad tracks to North 6th Street. The building's interior features a combination of laminate and tile flooring, and laminate and/or siding wall coverings. An adjacent metal building, included in the sale, provides additional storage space with a concrete floor requiring minimal repairs. The property includes additional lots, enhancing its overall value and potential for expansion or development. All buildings are zoned commercial, providing flexibility for a variety of uses. This prime location offers high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in Madill. The combination of existing structures and ample land provides significant potential for future growth and development. This is a rare opportunity to acquire a substantial commercial property in a thriving area. The asking price is $164,500.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.