418 W WADE ST new Save Request In-Person Tour Request Virtual Tour
El Reno,OK 73036
Key Details
Property Type Commercial
Sub Type Retail Freestanding
Listing Status Active
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $93
MLS Listing ID OKC1185756
Year Built 1930
Annual Tax Amount $661
Property Sub-Type Retail Freestanding
Property Description
Prime Multi-Use Investment Opportunity in the Heart of El Reno
This well-maintained property offers a strong blend of commercial and residential income in a desirable downtown location along the historic Route 66 corridor. The ground floor features two spacious commercial units ideal for an owner-operator or long-term tenant. One of which is occupied by a long term tenant.
The upper level is comprised of multiple residential units, each with a proven rental history and strong occupancy demand. Units are updated and current, ensuring comfortable living spaces that appeal to long-term tenants.
The property benefits from stable existing leases while still offering room for income growth through leasing the remaining vacancy at market rates. Well-managed operating expenses support strong net income, making this an attractive option for both seasoned investors and those looking to expand their portfolio.
Located in a high-visibility area with easy access to shopping, dining, and local amenities, the building is positioned to benefit from El Reno's steady growth and revitalization efforts. Ample street parking, a mix of commercial and residential tenancy, and proximity to key community attractions add to its appeal.
Whether you're seeking a reliable income stream, a property with value-add potential, or a prime location for your own business, this property delivers on all fronts.
Location
State OK
County Canadian
Zoning Other
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick & Frame