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Park Hill Inn & Suite 1400 NE 63rd St 50 Room Hotel Oklahoma City, OK 73111 $1,600,000 ($32,000/Room)
Investment Highlights
- Excellent Visibility & Access: Located on Historic Route 66 with immediate access to I-40
- Rapidly growing BID and I-35 Corridor
- Located in an Opportunity Zone
- Nearby: National Cowboy & Western Heritage Museum, Remington Park, OKC Zoo, Science Museum, Softball Hall of Fame & Complex, Cole’s Garden
- Adventure District - BUSINESS IMPROVEMENT DISTRICT
- ± 85 Parking Spaces
Executive Summary
Parkhill Inn & Suites offers a rare opportunity to acquire a ±5.34-acre redevelopment site in Oklahoma City’s rapidly evolving Adventure District, a tourism anchored corridor supported by major cultural attractions, year-round visitation, and continued public and private investment. The property is located along historic Route 66 with immediate access to Interstate 40, providing exceptional regional connectivity and visibility. The site’s scale, zoning, and location make it well suited for a variety of redevelopment concepts including hospitality, multifamily, mixed-use, or destination-oriented commercial development. Existing improvements consist of a 50-room independent motel constructed in 1960. The improvements are considered functionally obsolete, and the offering is positioned and marketed for land value.
Parkhill Inn & Suites is a large-scale land redevelopment opportunity in one of Oklahoma City’s most active tourism and entertainment corridors. The property offers ±5.34 acres, exceptional visibility along historic Route 66, immediate access to I-40, and is surrounded by major year-round demand drivers.
The site is located within both an Opportunity Zone and the Adventure Business Improvement District (BID), and ownership has already completed key upfront due diligence, allowing developers to move quickly (asbestos, Phase I Site Assessment, demolition bids and timeline). *Reports upon request
The existing motel improvements are functionally obsolete and the offering is priced and positioned
for land value.
- Large contiguous tract suitable for phased or higher-density development
- C-3 zoning supports a wide range of commercial and mixed-use concepts
- Ideal for:
Hotel / hospitality redevelopment
Multifamily
Mixed-use
Entertainment or destination-oriented commercial
- Opportunity Zone structure may provide tax advantages for qualifying investors
Parkhill Inn & Suites is a large-scale land redevelopment opportunity in one of Oklahoma City’s most active tourism and entertainment corridors. The property offers ±5.34 acres, exceptional visibility along historic Route 66, immediate access to I-40, and is surrounded by major year-round demand drivers.
The site is located within both an Opportunity Zone and the Adventure Business Improvement District (BID), and ownership has already completed key upfront due diligence, allowing developers to move quickly (asbestos, Phase I Site Assessment, demolition bids and timeline). *Reports upon request
The existing motel improvements are functionally obsolete and the offering is priced and positioned
for land value.
- Large contiguous tract suitable for phased or higher-density development
- C-3 zoning supports a wide range of commercial and mixed-use concepts
- Ideal for:
Hotel / hospitality redevelopment
Multifamily
Mixed-use
Entertainment or destination-oriented commercial
- Opportunity Zone structure may provide tax advantages for qualifying investors
Property Facts
| Price | $1,600,000 | Lot Size | 5.72 AC |
| Price Per Room | $32,000 | Building Size | 11,988 SF |
| Sale Type | Investment | No. Rooms | 50 |
| Sale Condition | Redevelopment Project | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1960 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C3 | ||
| Price | $1,600,000 |
| Price Per Room | $32,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.72 AC |
| Building Size | 11,988 SF |
| No. Rooms | 50 |
| No. Stories | 1 |
| Year Built | 1960 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C3 |
Amenities
- Business Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $90.00 | - |
| Guest Room | 49 | $67.00 | - |
Property Taxes
| Parcel Number | 149783375 | Improvements Assessment | $64,160 |
| Land Assessment | $10,497 | Total Assessment | $74,657 |
Property Taxes
Parcel Number
149783375
Land Assessment
$10,497
Improvements Assessment
$64,160
Total Assessment
$74,657
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Park Hill Inn & Suite | 1400 NE 63rd St
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