595 Broadway - Retail FOR SALE


Laverne, OK 73848
$135,000 USD
305-206-1286
595 Broadway, Laverne, OK for Sale
$135,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

595 Broadway
Laverne, OK 73848


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Family Dollar & Dollar Tree | 2022 Built | Oklahoma | AUCTION SEPTEMBER 23-25
  • 10,601 SF Freestanding Value-Add Retail on 1.14 Acres Available at Substantial Discount Below Replacement Cost
  • Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
  • Surrounding Traffic Generators: Dollar General, Carquest, Laverne High School, Security State Bank, Medic Rx, Fire, Police, Town Offices, and more
  • Strategic Highway Frontage and Visibility on S Broadway/ US Hwy 283 with Traffic Counts of 1,896 VPD and Just Off US Hwy 64
  • Flexible Zoning for a Variety for Redevelopment or Alternative Commercial Uses

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 595 S Broadway in Laverne, OK 73848 (the “Property”). Formerly occupied by Family Dollar/Dollar Tree, the Property is being offered significantly below replacement cost, providing an exceptional opportunity for owner-users or investors to acquire a high-visibility commercial asset with direct highway frontage at a substantial discount. FIRST BID MEETS RESERVE! Constructed in 2022, the Property consists of a ±10,601-square-foot, single-story retail building situated on a ±1.1383-acre parcel (±49,853 SF). The site includes 27 surface parking spaces and features dual frontage with excellent accessibility via two dedicated curb cuts and ±146 feet of frontage along S Broadway/U.S. Highway 283, the primary commercial corridor in Laverne, which sees ±1,896 vehicles per day (VPD). Previously operated under a triple net (NNN) lease by Family Dollar/Dollar Tree, the Property offers a compelling value-add opportunity to re-lease at market rates (CoStar estimated retail asking rent $5-6/SF NNN). The Property’s zoning is unclassified and not subject to zoning ordinances, offering rare flexibility for re-use or alternative commercial applications. (Per the town, zoning review is very flexible and could be changed to C-1, general commercial, or remain as-is.) The Property is located in Laverne, Oklahoma, a community in Harper County positioned near the tri-state junction of Oklahoma, Texas, and Kansas. The site is a prime location in the heart of Laverne with frontage along U.S. Highway 283, a key north-south thoroughfare connecting Laverne to Woodward (±35 miles south) and Liberal, Kansas (±50 miles north), with additional connections to U.S. Highway 412 and U.S. Highway 64, supporting steady traffic flow for both local residents and regional travelers. The surrounding corridor includes essential businesses such as fuel stations, healthcare providers, restaurants, and national retailers like Dollar General. Laverne serves as a central hub for commerce and services, drawing from nearby towns including Buffalo, Rosston, and May, and supporting demand for visible, highway-fronting retail. The Property also benefits from proximity to employment centers and medical facilities in Woodward and Shattuck, enhancing its appeal for service-oriented and daily-needs users. With more than 1,650 residents with an average household income (AHHI) over $64k, within a 10-mile radius and limited commercial competition, the Property is well-positioned for re-leasing, repositioning, or long-term investment in a supply-constrained and strategically located submarket of Northwest Oklahoma.

FOR SALE DETAILS

PRICE

$135,000 USD

PRICE/SF

$13 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Family Dollar

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.