1319 Sandy Creek DrAda, OK 74820

  • Warehouses
  • 3,000 SF
For Sale
$710,000 View listing

Property Details for 1319 Sandy Creek Dr

Year built
1976
Lot size
0.35 AC
Property size (Sq ft)
3,000 SF
Property type
Warehouses
Property subtype
Self storage facilities
APN
0540-32-004-006-0-024-00
APU
54032004006002400

Description

This exceptional mixed-use property in Ada, Oklahoma presents a lucrative investment opportunity. The 7,525 square foot facility is comprised of two buildings, offering significant versatility. Building 1, approximately 4,700 square feet, is a heavily insulated indoor grow space featuring a robust 800-amp, 480v, three-phase electrical service, 60 tons of air conditioning, and 170 lights. This building includes a two-tier grow system in one room, with the potential for a second two-tier system in another. Additional amenities include a dedicated vegetation room, drying room, office space, storage area, and a full bathroom. Building 2 encompasses approximately 2,800 square feet, divided into seven independent 20x20 foot rooms. Each room is fully insulated, individually metered with a 200-amp service, and equipped with 6 tons of air conditioning, designed for 112 lights. Four of these rooms are currently leased at $300 per month, providing immediate rental income. The tenants have the option to remain, or the spaces can be utilized by the new owner. The property sits on a 0.77-acre lot, with an adjacent lot available for separate negotiation. The property utilizes City of Ada water and has a recently updated Certificate of Occupancy. Note that an OBN license is not required, and the OMMA license is currently in the renewal process. This property offers a unique blend of established income and significant expansion potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $517,504
    Hospitality
    $474,031
    Educational
    $394,388
    Medical
    $407,952
    Retail
    $613,493
1319 Sandy Creek Dr, Ada, Oklahoma

Location Insight

City
Ada
County
Pontotoc
State
Oklahoma
Latitude
34.778
Longitude
-96.6984
CBSA code
10220
CBSA name
ADA, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$678
$1,380
$5,192
$6,572
-
$11,500
$43,265
$54,765

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