1845 Choctaw StTahlequah, OK 74464

Property Details for 1845 Choctaw St

Year built

1975

Lot size

5.00 AC

Property size (Sq ft)

6,000 SF

Property type

Auto shops

APN

0000-30-17N-22E-0-001-00

APU

00003017N22E000100

Description

This exceptional 3-acre commercial property located at 1845 W Choctaw Street in Tahlequah, Oklahoma, presents a unique investment opportunity. The property boasts a substantial 6,000 square foot building currently under lease until October 2025. The tenant has expressed flexibility regarding the lease terms, offering potential buyers various options for future use. Situated in Cherokee County, Oklahoma, with a 74464 zip code, this property enjoys a prime location. The expansive lot size provides ample space for potential expansion or redevelopment, catering to a wide range of commercial ventures. The asking price for this strategically located property is $695,000. Given the existing lease and the significant lot size, this property represents a compelling investment with strong potential for future returns. The property is classified as Special Purpose Land and is categorized as Commercial, Other. Its geographical coordinates are 35.919263 latitude and -94.9994334 longitude. Serious inquiries are encouraged to explore the possibilities this property offers. The building's current lease provides immediate income potential while the land offers significant long-term growth opportunities. Don't miss this chance to acquire a substantial commercial property in a thriving Oklahoma community.

• CAP approach

  CAP return

  Valuation

  6%

  $768,856

  6.5%

  $709,713

  7%

  $659,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,534

  Geo Method

  $1,081,534

• Alternative Use

  Use

  Valuation

  Residential

  $598,669

  Hospitality

  $548,378

  Educational

  $456,244

  Medical

  $471,935

  Retail

  $709,713

Location Insight

City

Tahlequah

County

Cherokee

State

Oklahoma

Latitude

35.9192

Longitude

-94.9994

CBSA code

45140

CBSA name

TAHLEQUAH, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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