121233 OK-9
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121233 OK-9
7,200 SF 100% Leased Retail Building Eufaula, OK 74432 £1,107,167 (£154/SF) 3.31% Net Initial Yield
Investment Highlights
- 3 Structures 40x60 with 9.61 acres along Highway 9
- Full Leased with Opportunity for Rent Increases of 25% to EGI of $75-95k
- 5.72 Acre laydown yard / expansion area
Executive Summary
Perfect 9.610-acre commercial and light industrial property combines income-producing potential with ample room for growth. Featuring three 40x60 light industrial buildings (2,400 sqft each) currently leased at $1,200 to $1,500/month, the property generates a total gross income of $46,800 annually—with potential for higher rents in the future. Each building is separately metered for electricity and shares a water connection, making management straightforward. Interiors boast wood rafter ceilings with spray foam insulation and metal roofs for durability and efficiency. Office spaces range from 10x15 to 10x20, catering to a variety of tenant needs. In addition to the leased buildings, the property includes 5.72 acres of open space, perfect for expansion or additional development. Conveniently located on Highway 9 with traffic counts between 4,800 to 8,500 AADT (per ODOT), this property offers excellent visibility and accessibility. Whether you're seeking a business location or a robust investment opportunity, this property checks all the boxes. Don't miss out! Tourism and Recreation: Lake Eufaula remains a major driver of the local economy, attracting visitors for fishing, boating, and outdoor recreation. Lake Eufaula, Oklahoma’s largest lake with over 800 miles of shoreline, attracts a significant number of tourists annually. ts popularity is highlighted by frequent fishing tournaments, water sports events, and family-friendly activities hosted throughout the year. The lake is considered one of Oklahoma's prime tourist destinations, contributing substantially to 0.74 to 1.25% growth in population (y-o-y) leading to substantial growth in local tourism and economic development!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £36,619 | £5.09 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £36,619 | £5.09 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | £6,964 | £0.97 |
Net Operating Income | £29,655 | £4.12 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | £36,619 |
Annual Per SF | £5.09 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £36,619 |
Annual Per SF | £5.09 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £6,964 |
Annual Per SF | £0.97 |
Net Operating Income | |
---|---|
Annual | £29,655 |
Annual Per SF | £4.12 |
Property Facts
Sale Type
Investment
Sale Condition
Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
7,200 SF
Building Class
C
Year Built
2006
Price
£1,107,167
Price Per SF
£154
Net Initial Yield
3.31%
NOI
£36,619
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.02
Lot Size
9.61 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
32 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
930 ft on Highway 9
Amenities
- Freeway Visibility
- Drive Thru
- Storage Space
PROPERTY TAXES
Parcel Number | 0000-14-09N-16E-1-009-00 | Improvements Assessment | £9,383 |
Land Assessment | £11,446 | Total Assessment | £20,830 |
PROPERTY TAXES
Parcel Number
0000-14-09N-16E-1-009-00
Land Assessment
£11,446
Improvements Assessment
£9,383
Total Assessment
£20,830
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