Property Description

Commercial investment opportunity in Perry, Oklahoma! This approximately 1,050-square-foot office building offers an established income stream with a longtime month-to-month tenant currently in place. At the current lease rate and list price, the property has a Gross Rent Multiplier (GRM) of approximately 5.77, providing prospective investors with a useful starting point for evaluating the propertys income potential. Originally built in 1950, this office building sports a large front office space, shared restroom and kitchenette space and a large back office space, tied together with front and rear entrances. Linoleum flooring offers a fresh look and ease of cleaning while the textured and painted walls modernize the interior. Warm neutral tones throughout the office spaces enhanced with a cherry style trim keep the interior bright, warm and inviting. The rear office houses original built-in storage closets with shelving. A fresh coat of paint on the front door adds a finishing touch and curb appeal to the neutral gray stucco building front. New rooftop AC unit was installed in 2019. Located less than three miles from Interstate 35, the property offers accessibility while serving the Perry community (approximately 4,484 residents). This property is located less than a block from the Historic 19th Century town square, it neighbors the Perry Fire Department and is two blocks from the Perry Police Department. The surrounding transportation network provides quality regional connectivity. Traffic counts average approximately 20,400 vehicles per day along the I-35/US-77 corridor near Perry, while portions of US-64 carry an estimated 3,500 to 12,000 vehicles daily, depending on location. Perry has experienced recent economic investment, including the Ditch Witch expansion, an Amazon delivery station, and infrastructure improvements within the Perry Industrial Park. Located approximately 25 miles from Stillwater, 35 miles from Guthrie, and 60 miles from Oklahoma City, Perry provides convenient access to several important regional markets. Are you looking to start or expand your investment portfolio? This property offers a combination of accessibility, functionality, and opportunity. Schedule your showing with our office today!

Property Features

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