223 Main StWoodward, OK 73801

Property Details for 223 Main St

Year built

1991

Lot size

0.17 AC

Property size (Sq ft)

2,400 SF

Property type

Bars

Property subtype

Pubs

APN

0145-00-003-004-0-001-00

APU

14500003004000100

Description

This exceptional commercial property, located at 223 E Main St in Woodward, Oklahoma, presents a unique investment opportunity. The freestanding building, constructed of metal, boasts a spacious layout previously utilized as a bar and lounge. Its prime location offers high visibility and accessibility, situated on a 0.17-acre lot with ample on-site parking. A popular steakhouse is conveniently located adjacent to the property, further enhancing its appeal and potential for synergistic business relationships. The interior features two bathrooms and dedicated storage areas, providing ample functionality for a variety of commercial uses. An added benefit is a fenced outdoor area, ideal for creating a patio or additional seating. The asking price of $95,000 represents a significant value for a property of this caliber in a thriving location. The building's previous success as a bar/lounge demonstrates its suitability for businesses requiring high foot traffic and a visible presence. This property is ready for immediate occupancy and offers significant potential for a profitable venture. Don't miss this chance to acquire a well-positioned commercial space in the heart of Woodward.

• CAP approach

  CAP return

  Valuation

  6%

  $551,974

  6.5%

  $509,515

  7%

  $473,121

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,695

  Geo Method

  $727,695

• Alternative Use

  Use

  Valuation

  Residential

  $429,795

  Hospitality

  $393,690

  Educational

  $327,545

  Medical

  $338,810

  Retail

  $509,515

Location Insight

City

Woodward

County

Woodward

State

Oklahoma

Latitude

36.4349

Longitude

-99.3783

CBSA code

49260

CBSA name

WOODWARD, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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