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32468358
32468356

1402 N Main St, Guymon, OK 73942 For Sale

TH
OK 174229
Creek Price Edwards
Listed by Creek Price Edwards
$1,534,050
70 days on market
Updated 13 days ago

Mariah Plaza

Details
Property Type Retail
Sub Type Street Retail
Square Footage 30,681
Net Rentable (SqFt) 20,289
Units 6
NOI $63,482
Occupancy 34%
Tenancy Multi
Price per SqFt $50
Class C
Year Built 1963
Year Renovated 2012
Zoning C3
Parking Spaces 92 spaces
Parking per 1,000 SqFt 3.00
Investment Type Value Add

1402 N Main St, Guymon, OK 73942

Marketing description

Introducing a prime value-add opportunity for retail investors: this 30,681 SF, sixunit property presents a compelling investment. Priced below replacement cost. With a 34% occupancy rate, there is potential for immediate income and further expansion. All suites are built out and ready for tenant move in. This property's strategic location and excellent visibility make it a desirable choice for retail businesses looking to establish or expand their presence in the Guymon area. Current tenants include Domino's Pizza, Anytime Fitness, and Vapor 100. Please note Dollar General is NOT part of this offering.

The retail hub of the Oklahoma panhandle, this shopping center is ideally situated along Main Street in the middle of Guymon. Seaboard Foods is the main economic driver of this community, drawing a workforce from three states. This agricultural-centric community is the crossroads of Highways 54 and 64, offering logical support to the Texas Panhandle, southwestern Kansas, southeastern Colorado, and northwest Oklahoma. 

Investment highlights

  • 30,681 SF building
  • Priced at $50.00 PSF
  • 6 units
  • Built in 1963
  • Renovated in 2012
  • Zoned C3
  • Strategic Guymon location
  • 34% occupancy

Listing Contacts

TH
OK 174229
Creek Price Edwards
Listed by Creek Price Edwards

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$63,482.00
$5,290.17/mo

Valuation Metrics

0
DSCR
4.14%
Cap Rate
4.14%
ROI

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