951 Main St Lexington, OK 73051-9061
- Flex space
- 5,250 SF
- 1.16 lot acres
Current Use by Public Records
- Flex space
Property Details for 951 Main St
- Year built
- 2009
- Construction
- STEEL FRAME
- Lot size
- 1.16 lot acres
- Property size
- 5,250 SF
- Property type
- Flex space
- APN
- LX57 6 1W 6019
- APU
- LX5761W6019
Description
This exceptional commercial property, encompassing a substantial 7,930 square feet, presents a remarkable investment opportunity. Situated on a generous 5.7-acre lot just outside Lexington, Oklahoma, its prime location offers unparalleled visibility and accessibility. The property enjoys convenient access to Highway 77, providing seamless connectivity to Interstate 35, ensuring high traffic flow and excellent exposure for any business. The building itself boasts a wealth of features, including three-phase electric service, a large overhead garage door, and numerous divided rooms offering versatile space planning options. Recent upgrades include a newly replaced roof, ensuring long-term cost savings and peace of mind. The property is serviced by a septic system and a well, providing independent utility management. The extensive electrical infrastructure further enhances its adaptability to a wide range of commercial uses. This property's size, location, and features make it an ideal choice for businesses seeking a prominent presence in a thriving area. The ample acreage also allows for future expansion or additional development, maximizing the potential return on investment. This is a rare opportunity to acquire a substantial commercial property with significant upside.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $460,000
- 6.5%
- $455,000
- 7%
- $465,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $460,000
- Retail
- $435,000
- Mixed-Use
- $430,000
- Hospitality
- $490,000
- Educational
- $415,000
- Residential Income
- $520,000
- Energy
- $465,000
- Income-Based Land
- $440,000
- Food Service
- $510,000
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.3361
- Latitude
- 35.0287
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA