Log In/Sign Up
Your email has been sent.
Value-Add Retail | Development Potential 1900 E Cherokee Ave 34,587 SF Retail Building Online Auction Sale Sallisaw, OK 74955
Investment Highlights
- Investors and developers can benefit from this value-add parcel on a key retail thoroughfare perched in Sallisaw, Oklahoma.
- Buyers have a value-add opportunity to lease out vacancies at market rates or develop unused land for future income.
- Located in an ideal center with additional retailers like Tractor Supply Co., Hardee’s, and Sugar Shack, which draw in consumers.
- Benefits from placement near Interstate 40, Route 59, and Wheeler Avenue, which quickly connects consumers to the property.
- E Cherokee Avenue serves as a key route within the town, experiencing high traffic volumes of almost 8,400 vehicles per day.
- Sallisaw is experiencing strong growth, with its population increasing and local spending within a 5-mile radius now over $125 million.
Executive Summary
Investors, developers, and owner/users can all find the portion for sale at Eastgate Shopping Center beneficial.
1900 E Cherokee Avenue presents an outstanding opportunity within a well-situated neighborhood center. The available portion offers 34,587 square feet of single-story retail space on a 3-acre site, complemented by parking spaces for tenants and visitors. Current tenants include a billiards hall, liquor store, and nail salon, with substantial vacancy providing prospective buyers with considerable flexibility. C-1 zoning applies to this property, a designation in Sallisaw, Oklahoma, typically intended for light commercial, office, or local service businesses such as convenience retail, personal services (e.g., dry cleaners), offices, clinics, and select small restaurants. The ample on-site parking also allows for potential future development and expansion, enabling owners to add leasable space and maximize market value.
Sallisaw offers an excellent location for prospective investors. Situated approximately 95 miles southeast of Tulsa, it serves as the county seat of Sequoyah County. The property is strategically positioned along a prominent retail corridor, where established national brands such as Taco Bell, Motel 6, and AutoZone are located on E Cherokee Avenue. Its proximity to major roadways allows seamless access for consumers to this retail center. Additionally, the property is near Downtown Sallisaw, which features antique stores and specialty shops that attract visitors from surrounding communities.
Sallisaw is experiencing growth in business and population, thanks to new manufacturing and healthcare developments. SLPT Global Pump Group opened a plant in the city's industrial park, boosting the economy. Northeastern Health System Sequoyah and the Sallisaw Veterans Home provide healthcare and long-term care jobs. New chain restaurants and convenience stores are opening near highways, while Cherokee Casino Sallisaw adds to hospitality employment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
1900 E Cherokee Avenue presents an outstanding opportunity within a well-situated neighborhood center. The available portion offers 34,587 square feet of single-story retail space on a 3-acre site, complemented by parking spaces for tenants and visitors. Current tenants include a billiards hall, liquor store, and nail salon, with substantial vacancy providing prospective buyers with considerable flexibility. C-1 zoning applies to this property, a designation in Sallisaw, Oklahoma, typically intended for light commercial, office, or local service businesses such as convenience retail, personal services (e.g., dry cleaners), offices, clinics, and select small restaurants. The ample on-site parking also allows for potential future development and expansion, enabling owners to add leasable space and maximize market value.
Sallisaw offers an excellent location for prospective investors. Situated approximately 95 miles southeast of Tulsa, it serves as the county seat of Sequoyah County. The property is strategically positioned along a prominent retail corridor, where established national brands such as Taco Bell, Motel 6, and AutoZone are located on E Cherokee Avenue. Its proximity to major roadways allows seamless access for consumers to this retail center. Additionally, the property is near Downtown Sallisaw, which features antique stores and specialty shops that attract visitors from surrounding communities.
Sallisaw is experiencing growth in business and population, thanks to new manufacturing and healthcare developments. SLPT Global Pump Group opened a plant in the city's industrial park, boosting the economy. Northeastern Health System Sequoyah and the Sallisaw Veterans Home provide healthcare and long-term care jobs. New chain restaurants and convenience stores are opening near highways, while Cherokee Casino Sallisaw adds to hospitality employment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront
Building Size
34,587 SF
Building Class
B
Year Built
1972
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
3.00 AC
Opportunity Zone
Yes
Parcel Number
0000-04-011-024-0-104-00
Zoning
C1 - Commercial
Frontage
817’ on Cherokee Ave
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| D | 1,930 SF | Office | - | Now |
| E | 2,990 SF | Office | - | Now |
| F | 15,120 SF | Office | - | Now |
| G | 1,890 SF | Office | - | Now |
| K | 995 SF | Office | - | Now |
| L | 1,345 SF | Office | - | Now |
D
| Size |
| 1,930 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
E
| Size |
| 2,990 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
F
| Size |
| 15,120 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
G
| Size |
| 1,890 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
K
| Size |
| 995 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
L
| Size |
| 1,345 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
D
| Size | 1,930 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
E
| Size | 2,990 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
F
| Size | 15,120 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
G
| Size | 1,890 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
K
| Size | 995 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
L
| Size | 1,345 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
2,920
10,071
12,417
2020 Population
2,682
9,072
11,291
2029 Population
3,001
10,381
12,779
2024-2029 Projected Population Growth
2.8%
3.1%
2.9%
Daytime Employees
1,142
5,631
5,900
Total Businesses
156
635
671
Average Household Income
$61,510
$53,171
$54,355
Median Household Income
$48,480
$39,205
$40,743
Total Consumer Spending
$32M
$99.2M
$125.5M
Median Age
40.0
38.8
39.9
2024 Households
1,153
3,964
4,870
Percent College Degree or Above
14%
11%
11%
Average Home Value
$155,612
$140,248
$143,281
$ values in USD
Sale Advisor
Sale Advisor
Brad Moulder, Senior Vice President
Brad Moulder has a wide range of experience in the acquisition, disposition, and financing of commercial real estate, representing everyone from high net worth individuals to large institutional investors on their acquisition and disposition needs. At Stan Johnson Company, Moulder has been involved in over $1 Billion in investment sales transactions in the areas of retail, medical, office, and industrial properties, including single asset sales, as well as portfolio transactions.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
Value-Add Retail | Development Potential | 1900 E Cherokee Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Value-Add Retail | Development Potential | 1900 E Cherokee Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.