Excellent investment property. Current tenant is Enterprise Leasing. Tenant has occupied space since 2006 (original lease). Current lease term began Nov 2021 extending to Oct 31, 2031 (rent is $1,100 per month with increase to $1,300 in Nov 2024 then again to $1,400 in Nov 2027 until end of term) with a renewal option of an additional 3 years to follow (rent to be $1,500/mth). Lease attached in documents. In 2020, tenant remodeled building at their expense spending approx $150,000. HVAC & Roof new in 2019 by landlord. Tenant reimburses all taxes & insurance.
MLS# | 2416305 |
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Listing Type | For Sale |
Style | Other Business Opportunity |
Sub-Type | Resale |
Status | Active |
Year | 1960 |
Days On Site | 131 |
Listing Provided By | Interstate Properties, Inc. | Earnie Gilder |
SQ Feet | 1,584 |
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Zoning | C3 |
Acreage | 0.31 |
State | OK |
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County | Muskogee |
City | Muskogee |
Zip Code | 74401 |
Community Name | Muskogee OT |
Listing VS Median (in Muskogee OT) | |
Price: $324,500 low | high Med: $95,000 SqFt: 1,584 low | high Med: 1,088 $ / SqFt: $205 low | high Med: $87 On Site: 131 low | high Med: 144.000000 |