503 Kentucky Avenue Panama, OK $ 349,000
503 Kentucky Avenue
$ 349,000
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503 Kentucky Avenue

Panama, OK, 74951
$ 349,000
Bedrooms-- Baths-- Sq 9,798

Monthly Estimate*

$ 2,149

503 Kentucky Avenue, Panama, OK 74951 - Image 1
503 Kentucky Avenue, Panama, OK 74951 - Image 2
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503 Kentucky Avenue, Panama, OK 74951 - Image 7
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Commercial Property for sale in Panama, OK

for $349,000. This 9,798 square foot building was built in 1980 on a lot size of 0.4078.

Great Opportunity for an investor - A 10,000 sq ft building last used as a Medical Grow operation. Building has lots of potential as an apartment complex or Climate Controlled Storage units. The building has 12' sidewalls, all metal red iron construction. Has min 3" spray foam insulation on ceiling and walls. The building also has approx 10 - 20' X 40' rooms (800 sq ft) with drywall walls installed. The new owners can either complete walling these in for 2 br 1 bath units or convert to climate controlled mini storages that can be accessed from inside and/or outside. Lots of HVAC units in place (mini splits) that can be negotiated to stay with building. This is a great opportunity for an investor. Can also be converted back to a grocery/convenience store, fuel pumps, tanks and canopy in place.

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Commercial Active

Price

$ 349,000

Property Type

Commercial

Taxes

$ 2,458

Style

Lot Size

0.4078

Year Built

1980

Town/City

Panama

County/Region

Le Flore

MLS | Web ID

1087586

Features
General
Year Built 1980
Property Subtype Retail
County Leflore
Property Type Commercial Sale
Special Listing Conditions None
Status Active
Directions From Intersection of Hwy 31 and Hwy 59 north of Panama go south on Hwy 59 1.3 miles and Store Building on right (West sside ) of Hwy 59.
City Panama
Lot Size Units Acres
Green Building Verification Type Unknown
Tax Annual Amount 2458
Virtual Tour https://www.propertypanorama.com/503-Kentucky-Avenue-Panama-OK-74951/unbranded
Standard Status Active
Tax Lot 1
Property Sub Type Additional Retail
Legal Description PANAMA BLK 14 LOTS 1 2 3 4 & 5 LESS HWY B1030 P816/817 B1215 P459460 B1516 P952 B1534 P832 B2067 P258 B2120 P952.
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Interior
Flooring Concrete
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Exterior
Lot Size Area 0.4078
Lot Dimensions NA
Lot Size Acres 0.4078
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* Excluded Features
List By
Keller Williams Realty Preferred

Broker

mklick@kw.com

Email

Affordability Calculator

$2,354
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,149
Monthly Property Taxes
$205
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/10/2026$349,000 Listed Price

Map


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503 Kentucky Avenue, Panama, OK, 74951 is a Commercial Property for sale at $349,000 with 9,798 sqft and a lot size of 0.4078. 503 Kentucky Avenue was built in 1980. The property's zip code is 74951 which is in Panama, OK