220 Main StCordell, OK 73632

Property Details for 220 Main St

Year built

1915

Property size (Sq ft)

2,400 SF

Property type

Retail space

APN

A001-00-054-003-0-001-00

APU

A00100054003000100

Description

This exceptional 2,400 square foot office building, situated on a 0.07-acre lot at 220 E Main Street in Cordell, Oklahoma, presents a compelling investment opportunity. Located in the heart of Cordell's downtown, directly on the Courthouse square at the intersection of Highways 152 and 183, this property boasts unparalleled visibility and accessibility. Currently configured as a retail space, the building offers significant potential for diverse uses. The interior features captivating original details, including a stunning tin ceiling and a fabulous original skylight, ripe for restoration and showcasing. A large, open floor plan includes existing shelving, providing immediate functionality. The brick façade is complemented by a large picture window, maximizing natural light. Convenient alley access to the rear provides easy loading and unloading capabilities. The property's prime location, coupled with its unique architectural features and versatile layout, makes it an ideal investment for entrepreneurs and business owners seeking a high-impact presence in the Cordell community. The asking price is $55,000. This is a motivated seller situation, presenting a rare chance to acquire a significant property at an attractive price point.

• CAP approach

  CAP return

  Valuation

  6%

  $458,028

  6.5%

  $422,795

  7%

  $392,595

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,695

  Geo Method

  $727,695

• Alternative Use

  Use

  Valuation

  Residential

  $356,643

  Hospitality

  $326,683

  Educational

  $271,797

  Medical

  $281,144

  Retail

  $422,795

Location Insight

City

Cordell

County

Washita

State

Oklahoma

Latitude

35.291

Longitude

-98.988

Property Tax & Assessments

FAQs

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