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2035 S Meridian Ave 4,833 SF Vacant Retail Building Oklahoma City, OK 73108 $995,000 ($205.88/SF)
Investment Highlights
- NNN Lease
- Strong Local Operator
- Regional Draw
- Asset Can be Sold Individually or Apart of Portfolio
- Rent Escalations at Time of Renewal (2028)
Executive Summary
Freestanding 4,833 SF second generation restaurant building on a 23,087 SF lot along S Meridian, the main corridor connecting Will Rogers World Airport to Downtown OKC. Built in 1985 with 25 surface parking spaces and pylon signage on a stretch carrying over 25,000 VPD. The immediate trade area is hotel driven, with national credit retail, restaurants, and travel demand feeding the corner year round. Existing restaurant infrastructure makes this a strong fit for an owner user QSR, fast casual, or full service concept, or for an investor buying a hard corner building on an infill corridor with limited new restaurant supply.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,833 SF
Building Class
C
Year Built/Renovated
1985/2014
Price
$995,000
Price Per SF
$205.88
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.14
Lot Size
0.77 AC
Zoning
I-1 - Light Industrial
Parking
25 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
52’ on Meridian Ave
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Second-generation restaurant space
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,833 SF | Restaurant | Outparcel | Now |
1st Floor
| Size |
| 4,833 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| Now |
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 4,833 SF |
| Space Use | Restaurant |
| Position | Outparcel |
| Available | Now |
Second-generation restaurant space
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 148801970 | Improvements Assessment | $90,964 |
| Land Assessment | $30,084 | Total Assessment | $121,048 |
Property Taxes
Parcel Number
148801970
Land Assessment
$30,084
Improvements Assessment
$90,964
Total Assessment
$121,048
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
