Arda Building - Value-Add Office Investment 1222 10th St 14,761 SF Office Building Woodward, OK 73801 For Sale

AVAILABLE AT AUCTION JUNE 1ST
Exclusively Listed in association with Jeremy Foraker, CCIM | OK License No. 139208
We are excited to present qualified investors with an exceptional value-add opportunity to acquire a downtown office investment property in Woodward, OK. The property is 76.8% occupied and primarily leased to the State of Oklahoma. The short-term leases allow an investor the flexibility to reposition the property with increased rents while collecting cash flow from a strong, government tenant. Located on the hard corner location of US Hwy 270 (Oklahoma Ave) and State Highway 34 (9th St), this property benefits from its position on the premier commercial real estate intersection in the city with a combined traffic counts of 30,700 cars per day. US Hwy 270 provides the main travel corridor from Oklahoma City, the state capital, to Northwest Oklahoma and the panhandle region – with cars traveling right in front of this property. The property’s parking lot also has features direct access to State Highway 34, which runs 188 miles from Oklahoma’s southern border with Texas to its northern border with Kansas. Nearby offices include the city and county government departments as well as Woodward News. Nearby retail tenants include Walgreens, AutoZone, Western Drug, Dairy Queen, and Ace Hardware. Additional traffic draws on these prominent thoroughfares include McDonalds, Walmart Supercenter, Arby’s, Carl’s Jr, Dollar General, Dollar Tree, NAPA Auto, Candlewood Suites, Comfort Inn, Holiday Inn, and Hampton Inn. This is a rare opportunity to purchase a truly value-add opportunity on prime, downtown real estate, offering investors long-term security and potential for significant returns.