1713 College Lane,Okmulgee, OK 74447
Okmulgee, OK 74447
Description
Incredible investment opportunity with massive upside and immediate cash flow! This property is located directly across the street from OSU Okmulgee, in the heart of Creek Nation. Situated on a spacious 1.5-acre lot with 314 feet of frontage, this prime property features two 30x150’ storage buildings totaling 72 units, currently generating $3,800/mo. Massive value-add potential exists immediately by turning over 4 vacant units and bringing below-market rents up to market rate, pushing storage potential to $5,000/mo. Additionally, the main commercial building brings in $1,500/mo from a hair salon and office space, and boasts a brand-new roof with a 5-year warranty. An attached warehouse space can be leased for an extra $500/mo. Generating $63,600/year as-is, this asset offers a clear path to optimization and enough acreage to double the storage capacity easily.
Details
| MLS # | 2628118 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 2005 |
| Days On Site | 41 |
| Listing Provided By | Impact Realty, LLC. | Walker Davidson |
Features
| SQ Feet | 13,400 |
|---|---|
| Zoning | Commercial |
| Acreage | 1.48 |
Parking
| Parking Features | Paved, Parking Spaces |
|---|
Taxes
| Tax Annual Amount | 3134 |
|---|
Area Information
| State | OK |
|---|---|
| County | Okmulgee |
| City | Okmulgee |
| Zip Code | 74447 |
| Listing VS Median (in 74447) | |
Price: $575,000 low | high Med: $155,000 sqft: 13,400 low | high Med: 1,170 $ / sqft: $43 low | high Med: $132 On site: 41 low | high Med: 61 | |
Market Activity 74447
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Learn More About This Property
| State | OK |
|---|---|
| County | Okmulgee |
| City | Okmulgee |
| Zip Code | 74447 |
| Listing VS Median (in 74447) | |
Price: $575,000 low | high Med: $155,000 sqft: 13,400 low | high Med: 1,170 $ / sqft: $43 low | high Med: $132 On site: 41 low | high Med: 61 | |