418 W WADE Street, El Reno, OK 73036

Property Description

Prime Multi-Use Investment Opportunity in the Heart of El Reno 8.5 Cap Rate 8.4 Cash On Cash Return This well-maintained property offers a strong blend of commercial and residential income in a desirable downtown location along the historic Route 66 corridor. The ground floor features two spacious commercial units ideal for an owner-operator or long-term tenant. One of which is occupied by a long term tenant. The upper level is comprised of multiple residential units, each with a proven rental history and strong occupancy demand. Units are updated and current, ensuring comfortable living spaces that appeal to long-term tenants. The property benefits from stable existing leases while still offering room for income growth through leasing the remaining vacancy at market rates. Well-managed operating expenses support strong net income, making this an attractive option for both seasoned investors and those looking to expand their portfolio. Located in a high-visibility area with easy access to shopping, dining, and local amenities, the building is positioned to benefit from El Reno’s steady growth and revitalization efforts. Ample street parking, a mix of commercial and residential tenancy, and proximity to key community attractions add to its appeal. Whether you’re seeking a reliable income stream, a property with value-add potential, or a prime location for your own business, this property delivers on all fronts.