525 Wilson StVinita, OK 74301

  • Office buildings
  • 3,610 SF
For Sale
$550,000 View listing

Property Details for 525 Wilson St

Year built
1960
Property size (Sq ft)
3,610 SF
Property type
Office buildings
APN
1105-00-001-021-0-001-00
APU
110500001021000100

Description

This exceptional 3,610 square foot office building, formerly a medical clinic, enjoys a prominent location on Historic Route 66 in Vinita, Oklahoma. The property sits on a 0.34-acre lot and offers unparalleled visibility thanks to its highway frontage and large windows. Ample parking is available both in front and behind the building, ensuring convenient access for clients and employees. Inside, the building features central heating and air conditioning for year-round comfort. Practical amenities include a bathroom conveniently located within the breakroom, and the building is equipped with handicap-accessible facilities, catering to a diverse clientele. The roof was recently replaced approximately five years ago with shingles, providing peace of mind and minimizing future maintenance concerns. This versatile space is ideal for a variety of businesses and presents a unique opportunity to establish a presence in a high-traffic area. The asking price for this well-maintained and conveniently located property is $550,000. This is a rare opportunity to acquire a well-established commercial property in a desirable location. Don't miss out on this chance to own a piece of Vinita's history and vibrant commercial landscape.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $314,690
    6.5%
    $290,483
    7%
    $269,735
  • Comparable approach

    Method
    Valuation
    Relative Method
    $258,223
    Geo Method
    $258,223
  • Alternative Use

    Use
    Valuation
    Residential
    $360,199
    Hospitality
    $329,941
    Educational
    $274,507
    Medical
    $283,948
    Retail
    $427,011

Location Insight

City
Vinita
County
Craig
State
Oklahoma
Latitude
36.629
Longitude
-95.1607

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,032
$1,882
$10,137
$12,019
-
$16,363
$88,149
$104,512

FAQs

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