403 Trudgeon StHenryetta, OK 74437
- Office buildings
- 900 SF
Property Details for 403 Trudgeon St
- Year built
- 1930
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 900 SF
- Property type
- Office buildings
- APN
- 2400-00-032-001-0-001-00
- APU
- 240000032001000100
Description
This exceptional 7,349 square foot commercial property in Henryetta, Oklahoma, presents a lucrative investment opportunity. Situated on a 0.24-acre lot at 403 W Trudgeon Street, Unit 403, this unique building boasts a blend of income-generating retail spaces on the ground floor and multi-family residential units upstairs. The strategic downtown location offers high visibility and foot traffic, positioned directly across from a bank and grocery store, ensuring consistent customer flow for the retail tenants. Its convenient proximity to I-40 and Highway 75 provides excellent accessibility for both residents and businesses. The property benefits from a recently installed TPO roofing system, minimizing future maintenance costs and ensuring long-term structural integrity. This turnkey operation offers immediate cash flow with potential for further revenue growth through lease optimization or property upgrades. The existing tenant base provides a stable income stream, making this a compelling investment for those seeking a diversified portfolio with strong returns. The combination of retail and residential units creates a resilient income model, less susceptible to market fluctuations affecting single-use properties. This is a rare opportunity to acquire a well-maintained, high-performing commercial building in a thriving Oklahoma community.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $121,577
- 6.5%
- $112,225
- 7%
- $104,209
-
Comparable approach
- Method
- Valuation
- Relative Method
- $64,377
- Geo Method
- $64,377
-
Alternative Use
- Use
- Valuation
- Residential
- $139,159
- Hospitality
- $127,469
- Educational
- $106,052
- Medical
- $109,700
- Retail
- $164,970
Location Insight
- City
- Henryetta
- County
- Okmulgee
- State
- Oklahoma
- Latitude
- 35.4407
- Longitude
- -95.9861
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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