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Listed by Tiffany M Elcyzyn • Realty of America LLC
$799,999
Est. payment /mo
8,735 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,735 sqft
Price per Sqft $91
MLS Listing ID OKC1223990
Construction Status Frame,Metal Siding
Year Built 1979
Annual Tax Amount $990
Lot Size 1.530 Acres
Acres 2.15
Property Sub-Type Investment
Property Description
RE-LAUNCHED AT $799,999 | INCOME IN PLACE + VACANT SPACE + VALUE-ADD POTENTIAL~Take another look at this unique commercial opportunity in Newcastle! Situated on approximately 2.15 acres, this multi-building property offers an attractive combination of existing rental income, immediately available commercial space, and future investment or redevelopment potential. A portion of the property is currently occupied by an established granite manufacturing company under a modified gross lease, providing income from day one. The former daycare space is now vacant, creating an immediate opportunity for a new tenant, owner-user, or alternative commercial use. For an investor, the vacant space provides an opportunity to add another revenue stream and increase NOI. For an owner-user, it offers available space for operations while benefiting from income generated by the existing tenant. For a developer, the existing income provides cash flow while evaluating the property's longer-term potential and highest and best use. Another major box has already been checked: a Phase I Environmental Site Assessment has been completed with no recognized environmental concerns identified, subject to review of the final report. Now aggressively repositioned at $799,999 with a motivated seller, this property deserves a fresh look.
Location
State OK
County Mcclain
Zoning Commercial
Interior
Fireplace N
Exterior
Parking Features Asphalt
Garage Description Asphalt
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Metal Siding
Construction Status Frame,Metal Siding
Others
Miscellaneous Shop,Workshop
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Tyler Latta
Real Estate Agent | License ID: 212925
Real Estate Agent License ID: 212925