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Property profile & analytics
FOR SALE
Retail space

638 Cedar St Perry, OK 73077

1,775 SF 0.22 ac lot Built 1918
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US69-1734655
No photos on file
For Sale
$90,000 1,775 SF
638 Cedar St, Perry, OK 73077
View Listing →
Property summary
AI-generated overview

This exceptional 1,775 square foot commercial property, situated in Perry, Oklahoma's historic downtown square, presents a unique investment opportunity. Built in 1918 and meticulously restored, this building boasts captivating character with 16-foot ceilings, original steel ceilings, and rewired vintage fluorescent industrial shop fixtures. The recent renovations include a new 25-year TPO roof and decking, along with durable concrete floors. The layout features two office spaces, convenient upstairs storage, and an interior bathroom. Modern comforts are balanced with historical charm. The property also benefits from central heating and air conditioning (CHA) and convenient alley access with carport parking. The high visibility location on the south side of the square enjoys significant foot traffic, with an Oklahoma Department of Transportation (ODOT) traffic count of 3,100 vehicles daily. Ample public parking is readily available on the charming historic square. Currently leased at market value, this property offers a strong return on investment and the potential for future appreciation. The combination of historical significance, modern updates, and prime location makes this a truly exceptional commercial offering.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1918
Total area 1,775 SF
Lot 0.22 ac (9,757 SF)
APN 1000-00-00B-018-0-001-00
UPID US69-1734655
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
  • Ms Mabel’s LLC Restaurant
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
Phil Salvati · 3 yrs held
Phil Salvati
since 2023
Last sale
$25,000
4 recorded transactions
2023
$25,000
2020
$30,000
2011
$30,000
2006
$33,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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