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29315132
29315134

17311 NE 23rd St, Choctaw, OK 73020

NH
OK 137959
$429,000
135 days on market
Updated 63 days ago

17311 NE 23rd St. Choctaw

Details
APN R192432425
Property Type Office
Sub Type Traditional Office
Square Footage 3,500
Net Rentable (SqFt) 3,500
Units 2
Cap Rate 4.76%
NOI $20,400
Occupancy 50%
Tenancy Vacant
Lease Type Absolute NNN
Lease Options month to month
Price per SqFt $123
Year Built 2007
Buildings 1
Stories 1
Lot Size (SqFt) 34,848
Zoning commercial
Parking Spaces 17 spaces
Parking Per SqFt 4.86
Investment Type Net Lease
Ground Lease Yes

Prime Location Office Space- Choctaw

Marketing description

--Perfect opportunity to own a 3500 sq. ft. commercial office building in a prime, high-traffic location off NE 23rd Street in Choctaw. This well-maintained property is configured as two separate suites, offering flexibility for investors or owner-occupants. One suite is currently leased on a month-to-month basis, providing immediate rental income, while the second suite is vacant and move-in ready. The vacant space features a welcoming lobby/reception area, three spacious private offices, two restrooms, and a kitchen/breakroom with sink and refrigerator. High visibility, convenient access, and versatile layout make this property ideal for professional services, medical use, or a variety of business operations. Perfect for an owner-occupant seeking to offset expenses with rental income or an investor pursuing cash flow.

Investment highlights

Total building size: 3,500 SF

Unit Breakdown:

1,900 SF – Vacant Unit

Available for lease at $2,250/month if rented.

Owner pays taxes, insurance, and building maintenance.

Tenant responsible for utilities and lawn maintenance.

1,600 SF – Leased Unit (available in June)

Currently rented for $1700 month-to-month.

Same responsibility structure applies:

Owner pays taxes, insurance, and building maintenance; tenant pays utilities and lawn maintenance.

Entire building for lease at a discounted rate of $3500.

Listing Contacts

NH
OK 137959

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$20,400.00
$1,700.00/mo

Valuation Metrics

0
DSCR
4.76%
Cap Rate
4.76%
ROI

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Additional Information

Name
Nikii Hubbs
License
137959
Brokerage Phone
404-737-0202
Brokerage Address
1401 South Douglas Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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