1220 Florence AveClaremore, OK 74017

Property Details for 1220 Florence Ave

Year built

1989

Lot size

2.07 AC

Property size (Sq ft)

5,360 SF

Property type

Medical offices

Property subtype

Medical centers

APN

9693

APU

9693

Description

This exceptional Claremore, Oklahoma property, located at 1220 N Florence Ave, 74017, presents a unique investment opportunity. The building, totaling 1,393 square feet, is classified as both medical office and commercial space, offering versatile usage potential. Currently configured as a single-suite building with multiple tenants, this property provides immediate income generation. The building sits on a parcel of land (size not specified) and is ideally suited for a variety of medical or commercial uses. The property's location in Claremore offers convenient access to major roadways and local amenities, ensuring high visibility and accessibility for businesses and patients. With a total of 1,393 square feet of space, the building is currently occupied by multiple tenants. While the listing mentions one available space of 2,513 square feet, this appears to be a discrepancy in the provided data. Further clarification on the available space is recommended. This property is an excellent choice for investors seeking a stable, income-producing asset in a thriving Oklahoma community. The property's versatility and prime location make it an attractive option for a wide range of businesses. Interested parties are encouraged to conduct their own due diligence to verify all aspects of the property.

• CAP approach

  CAP return

  Valuation

  6%

  $467,241

  6.5%

  $431,299

  7%

  $400,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,401

  Geo Method

  $383,401

• Alternative Use

  Use

  Valuation

  Residential

  $534,811

  Hospitality

  $489,884

  Educational

  $407,578

  Medical

  $421,595

  Retail

  $634,010

Location Insight

City

Claremore

County

Rogers

State

Oklahoma

Latitude

36.3205

Longitude

-95.603

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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