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9365 W Highway 70 Durant, OK 74701
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Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $260
MLS Listing ID 2416996
Sold Date 12/10/24
HOA Y/N No
Total Fin. Sqft 2400
Year Built 2002
Annual Tax Amount $3,298
Tax Year 2022
Lot Size 7.000 Acres
Acres 7.0
Property Sub-Type Industrial
Property Description
Discover this opportunity to own approx. 6.46 acres of prime commercial land with over 300' of frontage on Highway 70 W in the rapidly expanding Durant, OK. This property includes 2 commercial buildings, enhancing its utility and appeal.
The primary structure is currently used for a spray foam insulation business' operations, spanning 1,800 square feet. This building has a concrete pad, electrical utilities, roll-up doors, and a fully finished 12x20 office space for convenience and efficiency.
The secondary building is spacious with 1,600 square feet of open area, featuring 40x40x16 dimensions. Well-equipped with closed-cell spray foam, electrical utilities, and on a concrete pad. This secondary building is under a month-to-month lease generating $1,600 per month. This figure is considered below current market rate, with room to expand.
Additional assets include a 100x60 cement slab, allowing the addition of another structure as needed. Also highlighted is the property's Billboard Advertising Sign, placed in a prime location. This sign is part of a 30-year lease, generating consistent revenue and enhancing the property's visibility.
Situated near the Hwy 69/75 bypass and close to major businesses such as Cardinal Glass, Lowe's, Love's, and Walmart, this property is in a strategic location that promises high visibility and convenience.
With Texoma poised for significant economic expansion, highlighted by Texas Instruments commencing construction on a $30 billion semiconductor plant just 30 minutes away. Also planned is a master developed community from Pointe Vista Development at Lake Texoma, with plans for a new Hard Rock Hotel only 10 miles from the property. This property truly represents a strategic investment for the future as a storage facility, industrial business suites, retail and so much more.
Act now to seize on this commercial investment opportunity and position your business for growth and success in a thriving economic landscape.
Location
State OK
County Bryan
Interior
Interior Features High Ceilings, High Speed Internet, Vaulted Ceiling(s)
Heating Electric, Space Heater
Cooling Window Unit(s)
Flooring Concrete
Fireplace No
Heat Source Electric, Space Heater
Exterior
Exterior Feature Lighting, Storage
Fence Decorative
Utilities Available Electricity Available, Phone Available, Separate Meters, Water Available
Water Access Desc Rural
Roof Type Metal
Building
Building Description Steel, Pole Sign
Foundation Slab
Lot Size Range 7.0
Sewer Other
Water Rural
Structure Type Steel
Schools
School District Durant - Sch Dist (58)
Others
Tax ID 0000-27-06S-08E-3-005-01
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Bought with Brewer Realty Group