401 Milt Phillips AveSeminole, OK 74868

Property Details for 401 Milt Phillips Ave

Year built

1963

Lot size

0.68 AC

Property size (Sq ft)

504 SF

Property type

Grocery and convenience stores

APN

8190-00-021-005-0-000-00

APU

819000021005000000

Description

This exceptional commercial property, located at 401 N Milt Phillips Avenue in Seminole, Oklahoma, offers unparalleled visibility and ample space. Boasting over 11,500 square feet on a 0.68-acre corner lot, this property benefits from a prime location at a stoplight intersection on Milt Phillips Avenue (Hwy 99 and Hwy 377), ensuring high traffic volume with over 9,000 cars passing daily. The building previously housed Al & James Grocery and later the Community Market, demonstrating its adaptability for various commercial uses. The property features over 215 feet of frontage on Hwy 377 and includes a convenient loading dock, a significant advantage for many businesses. Parking is readily available with space for more than 25 vehicles. The building is zoned urban commercial, providing flexibility for a wide range of commercial ventures. Included in the sale are the existing coolers, adding further value and potential for specific business types. This is a rare opportunity to acquire a substantial, high-visibility commercial property in a thriving location. The combination of size, location, and included features makes this an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $105,086

  6.5%

  $97,003

  7%

  $90,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $152,816

  Geo Method

  $152,816

• Alternative Use

  Use

  Valuation

  Residential

  $81,826

  Hospitality

  $74,952

  Educational

  $62,359

  Medical

  $64,504

  Retail

  $97,003

Location Insight

City

Seminole

County

Seminole

State

Oklahoma

Latitude

35.2268

Longitude

-96.6714

Property Tax & Assessments

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