1933 NW 23rd - Oklahoma City, OK 1933 NW 23rd 2,390 SF Retail Building Oklahoma City, OK 73106 $600,000 ($251.05/SF)

SHOP Companies is pleased to exclusively offer the opportunity to acquire 1933 NW 23rd Street, a 2,390 SF single-tenant building located in the heart of one of Oklahoma City’s most iconic urban corridors (the “Property”). The building is situated on 0.16 acres (MOL)and was initially built in 1949. It was then fully renovated in 2019 by VINCIT Design & Construction, with a scope including an impressive interior remodel, new roofing, new flooring, upgraded HVAC, and more.
The Property features two spacious outdoor patios, a large central bar, a spacious kitchen, and tasteful interior and exterior design elements, providing investors and restaurateurs alike with a rare opportunity to acquire a turn-key property located amongst a plethora of national restaurants and retailers in one of the city’s most well-trafficked and recognized corridors (24k VPD). The soaring demand for restaurant and retail space in the immediate area is illustrated by the mass influx of national brands over the last decade. This property is one of the last remaining opportunities to acquire single-tenant retail within the highly desirable trade area.
1933 NW 23rd Street presents investors with a unique opportunity to acquire a recently renovated property in an irreplaceable location with a clear path to immediate value creation upon acquisition. The property is vacant, making it ideally suited for an investor seeking a fundamentally strong property with strong upside or an owner-occupant restaurateur seeking to increase their presence in a high-profile location. Due to extremely low corridor vacancy and pronounced demand for restaurant space in the trade area, this property offers investors a straightforward lease-up value-add play by buying at a discount relative to the property’s value upon execution of a long-term lease. For restaurateurs, this property offers the opportunity to establish their concept and personal brand in one of the city’s premier locations while simultaneously building equity in a well-positioned asset.