638 Cedar St Perry, OK 73077
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.
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Ms Mabel’s LLC Restaurant
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
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.