Price Reduced ListingRE-LAUNCHED AT $799,999 | INCOME IN PLACE + VACANT SPACE + VALUE-ADD POTENTIAL~Take another look at this unique commercial opportunity in Newcastle! Situated on approximately 2.15 acres, this multi-building property offers an attractive combination of existing rental income, immediately available commercial space, and future investment or redevelopment potential. A portion of the property is currently occupied by an established granite manufacturing company under a modified gross lease, providing income from day one. The former daycare space is now vacant, creating an immediate opportunity for a new tenant, owner-user, or alternative commercial use. For an investor, the vacant space provides an opportunity to add another revenue stream and increase NOI. For an owner-user, it offers available space for operations while benefiting from income generated by the existing tenant. For a developer, the existing income provides cash flow while evaluating the property's longer-term potential and highest and best use. Another major box has already been checked: a Phase I Environmental Site Assessment has been completed with no recognized environmental concerns identified, subject to review of the final report. Now aggressively repositioned at $799,999 with a motivated seller, this property deserves a fresh look.
| MLS # | 1223990 |
|---|---|
| Listing Type | For Sale |
| Style | Investment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 131 |
| Listing Provided By | Realty of America LLC | Tiffany Elcyzyn |
| SQ Feet | 8,735 |
|---|---|
| Acreage | 2.15 |
| Parking Features | Asphalt |
|---|
| Okc Tax Amount | 990.0000 |
|---|---|
| Tax Block | 000 |
| Tax Lot | 000 |
| State | OK |
|---|---|
| County | McClain |
| City | Newcastle |
| Zip Code | 73065 |
| School District | McClain |
| Listing VS Median (in 73065) | |
Price: $799,999 low | high Med: $284,990 sqft: 8,735 low | high Med: 1,833 $ / sqft: $92 low | high Med: $155 On site: 131 low | high Med: 96 | |
| State | OK |
|---|---|
| County | McClain |
| City | Newcastle |
| Zip Code | 73065 |
| School District | McClain |
| Listing VS Median (in 73065) | |
Price: $799,999 low | high Med: $284,990 sqft: 8,735 low | high Med: 1,833 $ / sqft: $92 low | high Med: $155 On site: 131 low | high Med: 96 | |