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104 S 2nd St 16,000 SF 6% Leased Retail Building Okemah, OK 74859 $159,900 ($9.99/SF)
Investment Highlights
- Hard Corner retail location.
- Multi-Use
Executive Summary
Investors look here. This Historical Building has been occupied for several years until recently as an Italian Restaurant. Unfortunately, most of the equipment is gone. Ground Floor Office includes lobby, reception area and office space plus 2ba, shower and living space. This space would serve for office and living space, most recently housing an insurance office. Also on the Ground Floor is the space that has served as several restaurants, the Brick Street Cafe being the longest running one. Existing restaurant space includes the kitchen area, dishwashers’ room, two rest rooms, bar and elevated dining area for special occasions. The Basement is the perfect music venue with small stage, bar, extra seating space, 2 rest rooms and shower with extra rooms and plenty of storage. Recent modernization in Okemah and Okfuskee Co. liquor laws are a PLUS for this venue. The second floor presently being used for storage is a roaring twenties style apartment complex that could be updated to modern apartments or office space with street access. The second floor will require much construction and imagination.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
16,000 SF
Building Class
C
Year Built/Renovated
1920/2020
Price
$159,900
Price Per SF
$9.99
Percent Leased
6%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
C - Commerical, Downtown District
Parking
10 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Storage Space
- Balcony
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0101-00-027-011-0-007-00 | Total Assessment | $28,611 (2025) |
| Land Assessment | $1,155 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $27,456 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0101-00-027-011-0-007-00
Land Assessment
$1,155 (2025)
Improvements Assessment
$27,456 (2025)
Total Assessment
$28,611 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Photos
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Street
Map
Presented by
Carl Alls Real Estate, LLC
104 S 2nd St
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