1401 Cherokee AveMcAlester, OK 74501

For Sale
$390,000
Prime Redevelopment Opportunity: 24,595 SF

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents the historic L'Ouverture School in McAlester, Oklahoma. Built in 1950, this 24,595 square foot building sits on a spacious 50,000 square foot lot and is offered at an attractive price of $390,000, or $15.86 per square foot. Currently vacant, the property is being sold in distressed condition and presents a unique blank canvas for adaptive reuse. The building's substantial size and central location in McAlester offer significant potential for a variety of development projects, including but not limited to residential conversions (apartments), commercial office space, or other creative ventures. Buyers should be aware that the building is vacant and entry is at their own risk. This is a rare chance to acquire a piece of McAlester's history and capitalize on its redevelopment potential. The asking price represents a significant value proposition for investors seeking a substantial property in a growing Oklahoma market. The property's address is 1401 E Cherokee Ave, McAlester, OK 74501. Serious inquiries are encouraged to explore this exciting opportunity. The property is zoned for [Zoning information not provided]. Further due diligence is recommended.

Highlights

  • $390,000 asking price for this distressed property.
  • 24,595 square foot Special Purpose property (School).
  • Located at 1401 E Cherokee Ave, McAlester, OK 74501.
  • Built in 1950, situated on a 50,000 square foot lot.
  • $15.86 price per square foot; $390,000 price per unit.

Property Details for 1401 Cherokee Ave

Property type
Specialty properties, Schools
Square Feet
24,595 SF
Year Built
1950
Units
1

Location Insight

City
McAlester
County
Pittsburg
State
Oklahoma
Latitude
34.9253169
Longitude
-95.7504319
1401 Cherokee Ave, McAlester, Oklahoma

FAQs

What type of property is this?
Specialty property - Prime Redevelopment Opportunity: 24,595 SF
Where is the specialty property located?
The property is located at 1401 Cherokee Ave McAlester, OK.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: $390,000 asking price for this distressed property.; 24,595 square foot Special Purpose property (School).; Located at 1401 E Cherokee Ave, McAlester, OK 74501.
How can I contact the broker?
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1401 Cherokee Ave
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