403 Main StStroud, OK 74079

Property Details for 403 Main St

Year built

1910

Property size (Sq ft)

250 SF

Property type

Retail space

APN

6000-00-025-002-0-000-00

APU

600000025002000000

Description

This exceptional investment opportunity presents a unique blend of commercial and residential space, ideally situated on historic Route 66 in downtown Stroud, Oklahoma. The property, a meticulously maintained 1910 building, boasts a substantial 2,574 square feet situated on a 0.01-acre lot. The main floor offers a large, open commercial space, presenting endless possibilities for a variety of businesses. Its adaptability makes it suitable for numerous ventures, allowing for creative customization to fit specific operational needs. Upstairs, a comfortable and spacious two-bedroom, one-bathroom apartment awaits. High ceilings, measuring 11 feet, contribute to an airy and open feel within the living quarters. The building's historical charm is complemented by modern updates, including a recently installed metal roof, significantly enhancing energy efficiency and reducing utility costs. The excellent insulation further contributes to the property's cost-effectiveness. This turnkey investment property offers a rare chance to own a piece of Route 66 history while enjoying the benefits of a combined commercial and residential space. The property's location on this iconic highway provides exceptional visibility and potential for attracting a wide customer base. Priced at $159,900, this property represents a compelling investment opportunity with significant potential for return.

• CAP approach

  CAP return

  Valuation

  6%

  $52,126

  6.5%

  $48,116

  7%

  $44,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,802

  Geo Method

  $75,802

• Alternative Use

  Use

  Valuation

  Residential

  $40,588

  Hospitality

  $37,178

  Educational

  $30,932

  Medical

  $31,996

  Retail

  $48,116

Location Insight

City

Stroud

County

Lincoln

State

Oklahoma

Latitude

35.7494

Longitude

-96.6579

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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