Bought with Brad Huffman
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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $380
MLS Listing ID OKC1192783
Year Built 2012
Annual Tax Amount $2,201
Lot Size 50.000 Acres
Property Sub-Type Land
Property Description
***Seller Carry Option Available *** The property spans 50.18 acres, with 2 developed acres currently under a three-year full NNN lease that begins once the tenant secures licensing and fire marshal approval, expected by year-end. Rent starts at $3,000 per month in year one, increasing to $4,000 and $5,000 in years two and three. Four acres previously leased to another company now require cleanup and greenhouse reskinning after the tenant vacated. Property features include three-phase power (750 KVA, expandable to 1 MW, installed at a cost of $270,000), large industrial propane tanks, a high-volume water well, a 2-bed/2-bath trailer, two Quonset huts, and two equipped shipping containers. It also holds an OMMA license with OBNDD and COO approval, has an 8-foot OBNDD-approved fence, underground 400-volt three-phase and 110 electrical to greenhouses, and propane infrastructure approved for 10 grow structures.
Location
State OK
County Grady
Zoning Agriculture
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