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118 N Oak St

4,551 SF Office Building Ponca City, OK 74601 $97,500 ($21/SF)

Investment Highlights

  • Brick building with 8 office spaces and 2 upstairs apartments.

Executive Summary

Need office space for your business or for a rental investment? Then look no further!! Great corner location just a block off Grand Avenue. As you step in the building you are welcomed to the reception area that serves 8 offices of which 4 are currently rented. There are also 2 bathrooms, a kitchenette and ample storage downstairs for your office needs. Upstairs are 2 apartments that are currently rented. With 10 parking spaces for you tenants and clients this is a perfect location for your business.

Attachments

Disclosues

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $11,400 $2.50
Other Income - -
Vacancy Loss - -
Effective Gross Income $11,400 $2.50
Taxes $1,200 $0.26
Operating Expenses - -
Total Expenses $1,200 $0.26
Net Operating Income $10,200 $2.24

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $11,400
Annual Per SF $2.50
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $11,400
Annual Per SF $2.50
Taxes
Annual $1,200
Annual Per SF $0.26
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $1,200
Annual Per SF $0.26
Net Operating Income
Annual $10,200
Annual Per SF $2.24

Property Facts

Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
4,551 SF
Year Built
1950
Price
$97,500
Price Per SF
$21
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,276 SF
Slab To Slab
8’
Building FAR
0.59
Lot Size
0.18 AC
Zoning
Commercial

Amenities

  • Fenced Lot
  • Reception
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0920-00-015-001-0-000-00
  • 0920-00-015-001-0-001-00
Land Assessment
$412
Improvements Assessment
$9,371
Total Assessment
$9,783
Annual Taxes
$1,200 ($0.26/SF)
Tax Year
2023
  • Listing ID: 32557516

  • Date on Market: 7/23/2024

  • Last Updated:

  • Address: 118 N Oak St, Ponca City, OK 74601

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