20 W Main St
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20 W Main St
24,500 SF 100% Leased Retail Building Shawnee, OK 74801 $495,000 ($20/SF)
Investment Highlights
- Located on Revitalized Main Street
- New 25 Year Roof Coating
- New Full Glass Retail Frontage
- Income Producing With Huge Value Add Potential
Executive Summary
4 story income producing property located in the heart of Shawnee on Main Street with huge value add potential. The first floor has been redeveloped and is currently occupied by 5 retail and office tenants providing for a current estimated cap rate of 8.15%. By redeveloping the remaining three floors, an investor could dramatically increase the returns from the property. Shawnee has focused on breathing new life into Main Street with new sidewalks and parks making this a great opportunity to continue the revitalization of the area. The owner has installed new full glass retail frontage windows along Main and in May 2024, completed applying a new 25 year roof coating. Come check out this historic piece of Main Street!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,500 SF
Building Class
C
Year Built/Renovated
1904/2015
Price
$495,000
Price Per SF
$20
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.94
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
12 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
Parcel Number | 001500024015000000 | Improvements Assessment | $8,910 |
Land Assessment | $1,087 | Total Assessment | $9,997 |
PROPERTY TAXES
Parcel Number
001500024015000000
Land Assessment
$1,087
Improvements Assessment
$8,910
Total Assessment
$9,997
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20 W Main St
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