139 W Shawnee St 9,800 SF 49% Leased Retail Building Muskogee, OK 74401 $1,800,000 ($183.67/SF) 8.16% Cap Rate

Discover an exceptional retail investment opportunity in the heart of Muskogee’s primary commercial corridor. Built in 2017, this modern 9,800 SF retail center offers strong curb appeal, high visibility, and direct access along W Shawnee St, one of the city’s most highly traveled retail arteries with 18,300 VPD. The property features three units and is currently 60% occupied, providing both immediate in-place income and attractive value-add potential through lease-up of the remaining space.
Surrounded by some of the region’s top-performing national retailers—including Walmart, Ross, T.J. Maxx, McDonald’s, Red Lobster, Golden Corral, and Bricktown Brewery—the site benefits from consistent traffic, established consumer draw, and strong retail synergy. The property sits on a 41,859 SF lot and is zoned F1, offering flexibility for a wide range of retail, restaurant, and service-oriented uses.
At a purchase price of $1,800,000, the asset is offered at just $184 per square foot and delivers a proforma NOI of $146,796, translating to an 8.16% cap rate and a strong first-year cash-on-cash return. With modern construction, excellent accessibility, and favorable demographics—nearly 37,000 residents within five miles—the property is well positioned for both stable performance and future growth.
Whether you are seeking a reliable income-producing asset or a value-add retail opportunity in an established trade area, 139 W Shawnee represents a rare chance to acquire a high-quality retail center with lasting upside