201 1St StTahlequah, OK 74464

Property Details for 201 1St St

Year built

1984

Lot size

0.11 AC

Property size (Sq ft)

225 SF

Property type

Retail space

APN

3080-00-018-002-0-000-00

APU

308000018002000000

Description

This exceptional 1,271 square foot commercial building is ideally situated at 201 E 1st Street, Unit 201, Tahlequah, OK, on a 0.11-acre corner lot at the busy south end of the downtown corridor. Currently configured for two separate businesses, each boasts its own restroom, HVAC system, and hot water heater. One HVAC unit was replaced within the last five years, ensuring efficient climate control. The property benefits from a small fenced rear area including a convenient storage building. Currently enjoying 100% occupancy with two-year leases already in place, this investment offers immediate and consistent rental income. The C-1 zoning allows for a variety of uses, and ample parking is readily available. Adding to its appeal, the property enjoys direct access to the City Trail system along its east side, providing excellent visibility and walkability. This turnkey opportunity presents a strong investment potential in a thriving downtown location. The property's features, including the separate utilities and existing leases, minimize management concerns and maximize return. This is a rare chance to acquire a well-maintained, high-occupancy commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $28,832

  6.5%

  $26,614

  7%

  $24,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $40,558

  Geo Method

  $40,558

• Alternative Use

  Use

  Valuation

  Residential

  $22,450

  Hospitality

  $20,564

  Educational

  $17,109

  Medical

  $17,698

  Retail

  $26,614

Location Insight

City

Tahlequah

County

Cherokee

State

Oklahoma

Latitude

35.9044

Longitude

-94.972

CBSA code

45140

CBSA name

TAHLEQUAH, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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