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$ 365,000
Est. payment /mo
Price Dropped by $20K
119 Jackson St. Hugo, OK 74743
3 Baths
3,050 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 11659469
Full Baths 2
Half Baths 2
Lot Size 3,050 Sqft
Property Description
Fully Restored Historic Mixed-Use Property | Downtown Hugo, Oklahoma Offered at $365,000 | Available for Sale or Long-Term Lease Located in the heart of downtown Hugo, this beautifully restored historic building offers a unique combination of commercial space and luxury loft living. Thoughtfully renovated from top to bottom, the property blends original character with modern infrastructure and custom finishes throughout. This was much more than a cosmetic remodel. Extensive improvements include updated electrical and plumbing throughout, energy-efficient HVAC systems, a foam and spray acrylic roof system, R-38 insulation in the commercial ceiling, new Low-E commercial glass, a custom iron entry door, LED lighting, and custom antique ceiling fans. Approximately 1,700 SF Commercial Space The street-front commercial space has been fully renovated and offers a beautiful setting for a professional office, medical practice, boutique, showroom, or other business. With updated building systems and excellent downtown visibility, the space is ready for its next chapter. Approximately 1,350 SF Luxury Residential Loft The residential side is truly something special. One of its most striking features is a handcrafted live-edge sycamore staircase with stainless steel cable railing. An open upper landing overlooks the main living area, creating an impressive sense of space and highlighting the building's historic architecture. The loft also features custom soft-close cabinetry, beautiful tilework, upstairs laundry, a spacious primary suite with a large walk-in closet, and a luxurious bathroom complete with an oversized soaking tub, chandelier, large glass-enclosed shower, and heated, backlit mirrors. Every detail was carefully considered to create a home that feels both comfortable and one of a kind. A Property With Multiple Possibilities With both spaces currently vacant, the property offers flexibility for an owner looking to operate a business, an investor interested in leasing the spaces separately, or someone who would enjoy the convenience of living and working in the same building. The commercial space was previously leased for $2,000 per month, and the residential loft for $1,700 per month. These are historical rental figures, not current income or a guarantee of future rental performance. Location & Regional Development Located in downtown Hugo, the property offers convenient access to Durant, Sherman/Denison, Dallas-Fort Worth, Oklahoma City, and the popular Broken Bow/Hochatown recreation area. Southeastern Oklahoma is also seeing significant investment in regional energy infrastructure, including the planned expansion of the Western Farmers Electric Cooperative Hugo generating facility and a new natural gas pipeline serving the project. These developments may create opportunities for regional businesses, although their impact on local real estate demand is not guaranteed. For buyers interested in a larger downtown investment, additional properties on the same block may also be available for consideration. Offered at $365,000. The seller is also open to discussing a long-term lease arrangement. Contact the listing agent for additional information or to schedule a private showing.
Location
State OK
County Choctaw County
Rooms
Dining Room 0
Kitchen 0
Building
Structure Type Masonry - Brick