Retail•Street Retail•For Sale

316 North Bickford Avenue

316 North Bickford Avenue, El Reno, Oklahoma 73036

Sale Price $225,000
Sale Type Investment
Year Built 1939
Stories 2
Vacancy 100%
Gross Bldg 5,000 SqFt
El Reno has almost ZERO commercial building space available, and we currently are experiencing year TWO of an oilfield and Windmill technology BOOM. Former Buick Dealership in the 40's. Now: downstairs office space and warehouse. Upstairs: 2 private apartments, roof deck/patio. Overhead door in the front of the building as well as the back. Currently fully occupied on monthly leases if buyer wanted it vacated, or leases can likely be firmed up for longer terms, except for warehouse. Everything in good working order, roof good, plumbing and HVAC good, property manager lives 2 blocks away. Current monthly income is $1175 each apartment, $600 for office storefront (long-time tenant who has had NO price increases, formerly rented frontage for $1200), and warehouse which is currently bringing in $1200 monthly. El Reno has almost ZERO commercial building space available, and we currently are experiencing year TWO of an oilfield and Windmill technology BOOM. Former Buick Dealership in the 40's. Now: downstairs office space and warehouse. Upstairs: 2 private apartments, roof deck/patio. Overhead door in the front of the building as well as the back. Currently fully occupied on monthly leases if buyer wanted it vacated, or leases can likely be firmed up for longer terms, except for warehouse. Everything in good working order, roof good, plumbing and HVAC good, property manager lives 2 blocks away. Current monthly income is $1175 each apartment, $600 for office storefront (long-time tenant who has had NO price increases, formerly rented frontage for $1200), and warehouse which is currently bringing in $1200 monthly.
  • Downtown Location
  • Only $50/SF
  • 100% Occupied
  • Upside In Rental increase Potential
12/4/2018 5:53:14 PM 12/4/2018 5:53:57 PM
Andrew Hwang, Esq
Partner
ADEPT Commercial Real Estate, LLC

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