951 Main StLexington, OK 73051

  • Flex space
  • 5,250 SF
For Sale
$675,000 View listing

Property Details for 951 Main St

Year built
2009
Construction
STEEL FRAME
Lot size
1.16 AC
Property size (Sq ft)
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,071,380
    Hospitality
    $981,379
    Educational
    $816,496
    Medical
    $844,576
    Retail
    $1,270,104

Location Insight

City
Lexington
County
Cleveland
State
Oklahoma
Latitude
35.0287
Longitude
-97.3361
CBSA code
36420
CBSA name
OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,929
$2,544
$54,538
$57,082
-
$25,265
$541,589
$566,854

FAQs

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