$150,000

221 W Jefferson St

Mangum OK, 73554

Description

The Hotel Franklin was a landmark Hotel in Southwest Oklahoma from 1929 to 1986. It was the go to place featuring an awesome kitchen & legendary bar complete w marble floors & walls. This historical building is 30,000 sq ft & would be a perfect venue for those w an entrepreneurial spirit looking to build out & lease space for a bistro, coffee shop, micro brewery, event center, restaurant, etc. The top 4 floors would be ideal for converting into spacious studio/loft apartments &/or suites. Additionally there is a lot of square footage available for office space. The broiler room would be a great place to convert to an indoor swimming pool & exercise room. It is a strong, fire retardant building, one that was built properly with a reinforced concrete frame, floors, & roof system. The structure has been examined by a team of licensed structural engineers that attest to its sold foundation. The Hotel Franklin has 5 stories measuring 51' x 112' & a basement measuring 51' x 63'. Sols AS IS.

Details

MLS#890089
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1929
Days On Site235

Features

Story(s)6
ZoningCommercial

Market Activity 73554

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Area Information

StateOK
CountyGreer
CityMangum
Zip Code73554
School DistrictGreer
Listing VS Median (in 73554)
Price:
$150,000
low | high
Med:
$55,000
100% of Average
On Site:
235
low | high
Med:
133
100% of Average
Listing Updated: 07/01/2020
Jill Graumann LogoMLS Number: 890089
Listing Provided By:
Jill Graumann  of  Re Max Property Place