1501 S Sheridan Road Real Estate Listing | Pamela Nichols1501 S Sheridan Road | Tulsa Real Estate

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$400,000

1501 S Sheridan Road

3,360 Sq.Ft.

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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

TITLE

Realtor | Associate

PHONE

(918) 271-1183

[email protected]

CONTACT AGENT

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

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