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About This Home
This 0-bedroom, 0-bathroom commercial at 729 S 6th Street in McAlester, OK is listed for $299,000 ($103 per sqft). Built in 1925, the home offers 2,914 sqft of living space on a 0.25 acres lot.
Income-producing commercial opportunity featuring a well-maintained dual-suite building, each side offering separate entrances, individual HVAC units, restrooms, and electric meters - ideal for multi-tenant operation or owner-user occupancy with supplemental income.
Both suites feature open front layouts with excellent natural light, polished concrete flooring, secondary rooms, and additional office or break areas, providing flexibility for office, retail, salon, or service-based businesses. The main building is in excellent condition inside and out and is move-in ready.
Previously, one suite rented for $1,000/month, with both sides offering similar layouts - presenting strong upside potential, with projected market rents of approximately $2,000+/month combined, supporting an estimated 6-8% stabilized cap rate, with upside to 8%+ based on market rents.
Property includes parking in both front and rear, plus an additional detached storage/auxiliary structure offering further value-add potential with improvement. Side lot conveys, providing flexibility for expansion, extra parking, or future development.
Located in a visible area with steady traffic flow. Priced to allow for immediate income with long-term appreciation and operational upside. Excellent opportunity for investors seeking stabilized cash flow with value-add components or owner-users looking to offset occupancy costs. Pro forma cap rate based on projected rents. Buyer to verify income and expenses.
Key Features
- Built in 1925
- 0.25 acre lot
Property Details
Amenities
Monthly Cost Estimate
$1,599/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
729 S 6th Street
McAlester, OK 74501
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 729 S 6th Street is listed at $299,000 ($103/sqft). The estimated monthly payment is $1,296 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.25 acre lot. Interior Features: Display Window, High Speed Internet, Public Restrooms. Exterior Features: Lighting, Storage.
This property is listed by Terra Geralds and can be reached at (918) 457-6601 or terra.geralds@yahoo.com.








