212 5Th StGuymon, OK 73942

Property Details for 212 5Th St

Year built

1950

Property size (Sq ft)

1,750 SF

Property type

Retail space

APN

700042494

APU

700042494

Description

This exceptional Guymon, OK commercial property, listed at $175,000, presents a unique investment opportunity. Currently operating as a thriving spa, this move-in ready building is impeccably maintained and boasts a wealth of features ideal for continued spa operations or adaptation to a variety of professional or medical businesses. The 212 NW 5th Street location offers convenient access and high visibility. The interior comprises a welcoming reception area, five well-appointed rooms (four equipped with sinks), a dedicated laundry room, a luxurious infrared sauna, and two bathrooms (one with a shower). Additional features include a private office, a secure pill room, and a comprehensive alarm system for enhanced security. All existing spa equipment will remain with the property, excluding medical devices, which are contingent upon the buyer possessing the necessary medical license. This turnkey operation eliminates the need for extensive renovations or start-up costs, allowing for immediate revenue generation. The recent price reduction makes this an even more compelling proposition for discerning investors seeking a profitable and established business. The property sits on a 0-acre lot and is ready for immediate occupancy. This is a rare opportunity to acquire a well-established, profitable business in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $357,282

  6.5%

  $329,799

  7%

  $306,242

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,072

  Geo Method

  $530,611

• Alternative Use

  Use

  Valuation

  Residential

  $278,198

  Hospitality

  $254,828

  Educational

  $212,014

  Medical

  $219,305

  Retail

  $329,799

Location Insight

City

Guymon

County

Texas

State

Oklahoma

Latitude

36.6832

Longitude

-101.484

CBSA code

25100

CBSA name

GUYMON, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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