1001 Broadway StMuskogee, OK 74401

Property Details for 1001 Broadway St

Year built

1950

Lot size

0.26 AC

Property size (Sq ft)

4,640 SF

Zone code

E1

Property type

Office buildings

APN

4610-26-184-001-1-149-02

APU

461026184001114902

Description

This exceptional 4,640 square foot office building presents a fantastic investment opportunity in the heart of Muskogee, Oklahoma. Situated on a 0.26-acre corner lot, this property boasts a highly desirable location with excellent visibility and convenient access to downtown amenities. The building features sixteen individual office spaces, perfect for a variety of business configurations, along with multiple storage rooms providing ample space for files and equipment. Four restrooms ensure convenient access for employees and clients. A recently updated mini-kitchen, complete with a new dishwasher, adds a practical touch. Significant improvements have been made throughout, including the installation of brand new windows in 2021, allowing abundant natural light to flood the interior. The entire electrical system has also been completely replaced, ensuring modern and efficient operation. Adding to the property's versatility is a separate storage building located at the rear of the main structure, offering additional storage capacity. This meticulously maintained property is ready for immediate occupancy and represents a rare opportunity to acquire a well-located, updated commercial building in a thriving Oklahoma community. The asking price is $374,500.

• CAP approach

  CAP return

  Valuation

  6%

  $404,477

  6.5%

  $373,364

  7%

  $346,695

• Comparable approach

  Method

  Valuation

  Relative Method

  $331,899

  Geo Method

  $331,899

• Alternative Use

  Use

  Valuation

  Residential

  $462,971

  Hospitality

  $424,079

  Educational

  $352,829

  Medical

  $364,963

  Retail

  $548,845

Location Insight

City

Muskogee

County

Muskogee

State

Oklahoma

Latitude

35.7527

Longitude

-95.3806

CBSA code

34780

CBSA name

MUSKOGEE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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