Altus Plaza

For Sale

1116 North Main Street, Altus, OK 73521

This Altus property for sale is located at 1116 North Main Street. The current listed sale price for Altus Plaza is $5,000,000. Altus Plaza is situated on a lot that is 8.36 acre in size.

Contacts

broker
Paul Ravencraft

Price Edwards and Company

Property Details

  • Property Type Retail
  • Property Size 121,124 SF
  • Lot Size 8.36 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1970
  • Date Updated Jul 30, 2025
Altus Plaza sits at the signalized corner of North Main Street (US 283) and Falcon Road. Altus is the retail hub for southwest Oklahoma, anchored by Altus Air Force Base and Western Oklahoma State College. The site offers direct frontage on US 283 with high visibility and easy access. Nearby retailers include Hobby Lobby, Locke Supply, Ace Hardware, Bealls and a Walmart Supercenter.Altus Plaza presents an excellent value-add investment opportunity with significant upside potential. This 121,124 sq ft shopping center is strategically situated on 8.36 acres and anchored by a newly opened Dunham's Sports, enhancing the center's attractiveness and foot traffic. The tenant mix includes prominent national brands such as Family Dollar, Rent-A-Center, and US Cellular, complemented by diverse regional and local retailers. The property offers immediate upside potential, with select inline suites ready for leasing or market-rate adjustments, providing investors an excellent opportunity to enhance NOI through strategic leasing initiatives. Altus Plaza currently generates a strong annual NOI of approximately $490,129 at an attractive cap rate of 9.8%. This offering represents an outstanding opportunity to acquire a strategically located retail center with immediate value-enhancement potential.
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Highlights

  • 121,124 sq ft retail center on 8.36 acres
  • Anchored by newly opened Dunham's Sports
  • Annual NOI approximately $490,129
  • Attractive cap rate of 9.8%
  • Immediate leasing opportunities for select inline suites
  • Located near Altus Air Force Base and Western Oklahoma State College
  • Potential for NOI growth through market-rate adjustments
  • Prominent national tenants: Family Dollar, Rent-A-Center, and US Cellular

Getting around

  • 73/100

    Walk Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Altus, OK
  • Zip Code 73521

Points of Interest

  • Love's

    0.35 miles

  • Conoco

    9.17 miles

  • Altus Community Center/Lake Parking

    0.26 miles

  • Lowell-Tims Parking

    1.36 miles

  • Sonic

    0.12 miles

  • Arby's

    0.14 miles

  • KFC

    0.17 miles

  • Little Caesars

    0.27 miles

  • Subway

    0.38 miles

  • Taco Bell

    0.51 miles

  • Pizza Hut

    0.54 miles

  • McDonald's

    0.79 miles

  • Sakura

    0.80 miles

  • Domino's

    0.89 miles

  • Walmart Supercenter

    1.06 miles

  • H & E Farms

    5.10 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Paul Ravencraft

Price Edwards and Company

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