$625,000
$685,000
8.8%For more information regarding the value of a property, please contact us for a free consultation.
5,640 SqFt
SOLD DATE : 10/19/2022
Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,640 sqft
Price per Sqft $110
Subdivision Adair Co Unplatted
MLS Listing ID 2202039
Sold Date 10/19/22
HOA Y/N No
Total Fin. Sqft 5640
Year Built 2006
Annual Tax Amount $4,843
Tax Year 2019
Lot Size 0.611 Acres
Acres 0.611
Property Description
Extraordinary Investment Opportunity. 6 unit strip mall with unlimited income potential! Excellent location at the high traffic intersection of Hwy 59 S & Hwy 100 E & right next door to Wal-Mart! Property generates approx. $69,300 in gross income. Property has (4) 1,000 SF units & (2) 800 SF units, ranging from $725-$1,150/month. Property insurance is estimated at $3,280/year. Net income is approx. $54,900/year. 100% leased, CAP rate 8.0%. Adjoins 2 major highways. Has city utilities.
Location
State OK
County Adair
Interior
Interior Features Other
Heating Central, Electric, Multiple Heating Units
Cooling Central Air, 3+ Units
Flooring Carpet
Fireplace No
Heat Source Central, Electric, Multiple Heating Units
Exterior
Garage Parking Space(s)
Fence None
Utilities Available Electricity Available, Natural Gas Available, Propane
Water Access Desc Public
Roof Type Metal
Building
Building Description Aluminum Siding, Handicap Access,Other,See Remarks,Dumpster
Entry Level One
Foundation Slab
Lot Size Range 0.611
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Aluminum Siding
Schools
School District Stilwell - Sch Dist (A4)
Others
Acceptable Financing Other
Green/Energy Cert Other
Listing Terms Other
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12780 S 198th E Ave, Arrow, Oklahoma, 74014, United States