714-400-6267
1222 10th St, Woodward, OK for Sale
Office - FOR SALE
1/18
null | Request Cap Rate

1222 10th St
Woodward, OK 73801


HIGHLIGHTS

  • Multi-Tenant Value-Add Office Investment – Main & Main Downtown Location
  • Government-backed State of Oklahoma Tenants – Long-Term Stability
  • Short-Term Leases – Opportunity to Increase Value Through Below Market Rents
  • US Hwy 270 (Oklahoma Ave) and State Highway 34 (9th St) – Combined Traffic Counts of 30,700 CPD (Cars Per Day)
  • Delivered Free & Clear of Debt – Huge Upside Opportunity
  • AUCTION SITE: https://rimarketplace.com/auction/2270/arda-building-value-add-multi-tenant-office-opportunity-woodward-ok?utm_source=costar

OVERVIEW

AUCTION SITE: https://rimarketplace.com/auction/2270/arda-building-value-add-multi-tenant-office-opportunity-woodward-ok?utm_source=costar Charter Realty is excited to present qualified investors with an exceptional value-add opportunity to acquire a downtown office investment property in Woodward, OK. The property is 89% occupied and primarily leased to the State of Oklahoma. The short-term leases allow an investor the flexibility to reposition the property with increased rents while collecting cash flow from strong, government tenants. Located on the hard corner location of US Hwy 270 (Oklahoma Ave) and State Highway 34 (9th St), this property benefits from its position on the premier commercial real estate intersection in the city with a combined traffic counts of 30,700 cars per day. US Hwy 270 provides the main travel corridor from Oklahoma City, the state capital, to Northwest Oklahoma and the panhandle region – with cars travelling right in front of this property. The property’s parking lot also has features direct access to State Highway 34, which runs 188 miles from Oklahoma’s southern border with Texas to its northern border with Kansas. Nearby offices include the city and county government departments as well as Woodward News. Nearby retail tenants include Walgreens, AutoZone, Western Drug, Dairy Queen, and Ace Hardware. Additional traffic draws on these prominent thoroughfares include McDonalds, Walmart Supercenter, Arby’s, Carl’s Jr, Dollar General, Dollar Tree, NAPA Auto, Candlewood Suites, Comfort Inn, Holiday Inn, and Hampton Inn. This is a rare opportunity to purchase a truly value-add opportunity on prime, downtown real estate, offering investors long-term security and potential for significant returns. Lamar P. Fisher Fisher Auction Company Inc.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arda Building - Value-Add Auction Investment

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,440 SF

ZONING

-

APN/PARCEL ID

0001-00-082-007-0-000-00

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.