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Listed by Phillip Church • Black Label Realty
$ 850,000
Est. payment /mo
New
418 W WADE ST El Reno, OK 73036
9,100 SqFt
UPDATED:
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
Construction Status Brick & Frame
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.
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
Interior
Fireplace N
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick & Frame
Construction Status Brick & Frame
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