Fully Restored Historic Mixed-Use Investment True NNN | 9% Cap Rate | No Deferred Maintenance Located in the heart of downtown Hugo, this completely reimagined historic building offers exceptional craftsmanship, modern infrastructure, and stable income - all in one turnkey investment. Annual NNN Income:$44,900 Asking Price: $495,995 Cap Rate:~9.05% This is not a surface remodel - this is a full systems rebuild with premium custom finishes throughout. Major Capital Improvements Spray Acrylic Roof (rare and highly valuable) All New Electrical Throughout All New Plumbing Throughout Energy-Efficient HVAC Systems R-38 Insulation in Commercial Ceiling All New Low-E Commercial Glass Custom Iron Commercial Entry Door LED Lighting & Custom Antique Ceiling Fans Zero deferred maintenance. Built for long-term performance and efficiency. 1,700 SF Commercial Space (Triple Net Leased) Fully renovated professional space with modern systems, energy efficiency, and strong street presence. True NNN structure provides passive income with minimal landlord responsibility. 1,350 SF Luxury Loft - A True Showpiece The upstairs loft is where historic character meets custom craftsmanship. The centerpiece is aone-of-a-kind live-edge sycamore slab staircase, handcrafted and paired with industrial stainless steel cable railing. The upper landing overlooks the main level below, highlighted by an oversized warehouse-style ceiling fan - creating dramatic vertical space and architectural impact rarely seen in properties of this size. Additional luxury features include: Custom soft-close cabinetry High-end custom tile work throughout Upstairs laundry Expansive primary suite with large walk-in closet Spa-inspired master bath featuring: Oversized soaking tub with chandelier Large walk-in shower with seamless glass enclosure Backlit & heated mirrors This loft is not typical downtown living - it is a designer-quality space built with intention and detail. Investment Highlights Strong 9%+ cap rate True passive NNN income Fully modernized historic structure New foam and spray Acrylic roof High-efficiency upgrades throughout Premium residential component adds long-term upside Location: 2 hours from Dallas Tx, 3 hours from OKlahoma City Ok , 1 hour from Durant Oklahoma, 1 1/2 hour from Sherman/Denison Tx , 1 hour from resort town Hochatown/Brokenbow lake. This property stands apart from typical small-market investments. This property already has a full multi year Medical tenant in place. It offers institutional-level renovation quality combined with stable cash flow and architectural character that cannot be duplicated. Additional properties on same block to build out the whole street downtown. Don't miss out on this unique opportunity to own buildings in a great location in this growing community. Several large industrial project slated for 2026 through 2029 will bring substantial economic development. Financials available upon request.
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