4505 Doolin AveBlackwell, OK 74631

Property Details for 4505 Doolin Ave

Year built

2000

Lot size

0.87 AC

Property size (Sq ft)

3,272 SF

Property type

Drive through restaurants

APN

2990-19-027-01W-1-002-00

APU

29901902701W100200

Description

This exceptional 3,410-square-foot retail building, situated on 0.87 acres of land, presents a unique investment opportunity in Blackwell, Oklahoma. Built in 2000 and renovated in 2008, the single-story Class B property boasts a convenient single-tenancy configuration. Its strategic location directly off I-35 ensures high visibility and accessibility, making it ideal for a variety of businesses. The property includes a drive-thru, a significant advantage for quick-service restaurants or similar operations. Its fully equipped interior is ready for immediate occupancy, minimizing upfront investment costs for prospective tenants. The property's proximity to a Holiday Inn Express hotel, multiple other hotels, the Blackwell Regional Medical Center, the Blackwell Country Club, and recreational parks guarantees a substantial customer base and high foot traffic. The commercial zoning allows for a wide range of uses, providing flexibility for potential tenants. This property offers a compelling combination of location, amenities, and functionality, making it an attractive option for businesses seeking a thriving location in Blackwell. The building's size and features make it suitable for a restaurant or other businesses requiring ample space and convenient access. The property's excellent condition and strategic location promise a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $828,679

  6.5%

  $764,935

  7%

  $710,297

• Comparable approach

  Method

  Valuation

  Relative Method

  $992,091

  Geo Method

  $992,091

• Alternative Use

  Use

  Valuation

  Residential

  $645,251

  Hospitality

  $591,047

  Educational

  $491,744

  Medical

  $508,656

  Retail

  $764,935

Location Insight

City

Blackwell

County

Kay

State

Oklahoma

Latitude

36.8105

Longitude

-97.3389

CBSA code

38620

CBSA name

PONCA CITY, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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