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1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
1501 S Sheridan Road
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$400,000

1501 S Sheridan Road

3,360 Sq.Ft.

Description

Excellent location; 1/2 mile from Historical Rt. 66 (The Mother Road) on the corner of 15th & S. Sheridan. Long time tenant wants to renew lease with new owner. Currently leased until May of 2022 @ $3750.00 per month, producing an annual gross income of $45,000. Tenant pays all bills including taxes, Insurance, Interior Maintenance & Updates! Owner pays Exterior maintenance & Insurance for building excluding contents. Zoned Commercial Shopping. Cap Rate Estimate is 11% based on $43000 NET OPER EXP. AS-IS.

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Location

1501 S Sheridan Road, Tulsa, OK 74112

Status

Sold
Pamela Nichols

Pamela Nichols

TITLE

Realtor | Associate

Property Amenities

View additional property information below.
Interior
Flooring Carpet, Laminate, Other, Vinyl
Other Interior Features High Ceilings, Kitchenette, Window Treatments
Area & Lot
Lot Area 0.517 Acres
Living area 3,360 Sq.Ft.
MLS® ID 2133120
Year Built 1980
High School Tulsa - Sch Dist (1)
Elementary School Tulsa - Sch Dist (1)
Type Commercial
Status Sold
Exterior
Stories 1
Air conditioning Central Air, Other, 3 Units
Heat type Central, Electric, Gas, Individual, Multiple Heating Units, Other
Green Feature Windows
Water Source Public
Security Features Security System Leased
Sewer Public Sewer
Other Exterior Features Lighting
Roof Other
Utilities Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Finance
Sales Price $400,000
Real Estate Tax $3,461 yearly

Work With Pamela

Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.