702 Carl Hubbell BlvdMeeker, OK 74855

  • Office buildings
  • 150 SF
For Sale
$199,900 View listing

Property Details for 702 Carl Hubbell Blvd

Year built
1923
Lot size
0.08 AC
Property size (Sq ft)
150 SF
Property type
Office buildings
APN
4500-00-004-023-0-000-00
APU
450000004023000000

Description

This meticulously remodeled 2,500 square foot commercial building, situated on a 0.08-acre lot in downtown Meeker, Oklahoma, presents a unique investment opportunity. Previously operating as various restaurants and food manufacturing facilities, this property boasts significant recent upgrades. The electrical system has been substantially enhanced to accommodate high-power demands, making it suitable for a wide range of businesses. Security is a key feature, with gated access at both the front and rear, ideal for specialized manufacturing or storage needs. The interior is exceptionally clean and well-maintained, ready for immediate occupancy. A substantial amount of commercial kitchen equipment is included in the sale, significantly reducing start-up costs. This inventory includes a walk-in refrigerator, a comprehensive security system, rear loading equipment, vent hoods, cooking surfaces, ample shelving, tables, and cash registers. The building's location in the heart of Meeker offers excellent visibility and accessibility. This turnkey operation is an exceptional value at $199,900 and represents a rare chance to acquire a fully equipped and modernized commercial space. The property's versatility and extensive upgrades make it an attractive prospect for a variety of commercial ventures. Don't miss this opportunity to own a move-in ready commercial building in a thriving Oklahoma community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $21,276
    6.5%
    $19,639
    7%
    $18,237
  • Comparable approach

    Method
    Valuation
    Relative Method
    $18,048
    Geo Method
    $18,048
  • Alternative Use

    Use
    Valuation
    Residential
    $24,353
    Hospitality
    $22,307
    Educational
    $18,559
    Medical
    $19,197
    Retail
    $28,870

Location Insight

City
Meeker
County
Lincoln
State
Oklahoma
Latitude
35.5035
Longitude
-96.903
CBSA code
36420
CBSA name
OKLAHOMA CITY, OK METROPOLITAN 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
2022
$846
$797
$9,747
$10,544
-
$7,245
$88,608
$95,853

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