117 2Nd StNoble, OK 73068

Property Details for 117 2Nd St

Year built

2008

Construction

WOOD FRAME

Lot size

0.16 AC

Property size (Sq ft)

954 SF

Zone code

R1

Property type

Office buildings

APN

NB40AAAOT 41 12001

APU

NB40AAAOT4112001

Description

This charming 954-square-foot commercial building, situated on a 0.16-acre lot at 117 S 2nd Street in Noble, Oklahoma, presents a unique investment opportunity. Currently operating as a flower shop, this versatile space offers a cozy and functional layout adaptable to a wide range of businesses. The interior features two convenient half-bathrooms, a kitchenette, a dedicated office area, and a storage room, providing ample space for both operations and storage needs. The property's prime location in the heart of Noble ensures high visibility and convenient parking, crucial for attracting customers and ensuring smooth operations. An appraisal and professional measurement have been completed, confirming the building's size and condition. This property is ideally suited for entrepreneurs seeking a well-established location to launch or expand their business within a thriving community. The existing setup as a flower shop demonstrates the building's suitability for retail, but its adaptable layout makes it suitable for a variety of commercial uses. Don't miss this chance to own a piece of Noble's vibrant commercial landscape. Priced at $91,500, this property offers exceptional value and potential for significant return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $170,088

  6.5%

  $157,004

  7%

  $145,790

• Comparable approach

  Method

  Valuation

  Relative Method

  $114,785

  Geo Method

  $114,785

• Alternative Use

  Use

  Valuation

  Residential

  $194,685

  Hospitality

  $178,331

  Educational

  $148,369

  Medical

  $153,472

  Retail

  $230,796

Location Insight

City

Noble

County

Cleveland

State

Oklahoma

Latitude

35.1384

Longitude

-97.3956

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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