729 S 6th Street,McAlester, OK 74501
McAlester, OK 74501
Description
Income-producing commercial opportunity featuring a well-maintained dual-suite building, each side offering separate entrances, individual HVAC units, restrooms, and electric meters ideal for multi-tenant operation or owner-user occupancy with supplemental income. Both suites feature open front layouts with excellent natural light, polished concrete flooring, secondary rooms, and additional office or break areas, providing flexibility for office, retail, salon, or service-based businesses. The main building is in excellent condition inside and out and is move-in ready. Previously, one suite rented for $1,000/month, with both sides offering similar layouts presenting strong upside potential, with projected market rents of approximately $2,000+/month combined, supporting an estimated 6-8% stabilized cap rate, with upside to 8%+ based on market rents. Property includes parking in both front and rear, plus an additional detached storage/auxiliary structure offering further value-add potential with improvement. Side lot conveys, providing flexibility for expansion, extra parking, or future development. Located in a visible area with steady traffic flow. Priced to allow for immediate income with long-term appreciation and operational upside. Excellent opportunity for investors seeking stabilized cash flow with value-add components or owner-users looking to offset occupancy costs. Pro forma cap rate based on projected rents. Buyer to verify income and expenses.
Details
| MLS # | 2604322 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 63 |
| Listing Provided By | Office Staging Realty | Terra Geralds |
Features
| SQ Feet | 2,914 |
|---|---|
| Story(s) | 1 |
| Zoning | Commercial |
| Acreage | 0.25 |
Parking
| Parking Features | Parking Spaces |
|---|
Taxes
| Tax Annual Amount | 1038 |
|---|
Area Information
| State | OK |
|---|---|
| County | Pittsburg |
| City | McAlester |
| Zip Code | 74501 |
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Learn More About This Property
| State | OK |
|---|---|
| County | Pittsburg |
| City | McAlester |
| Zip Code | 74501 |
