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2037 S Meridian Ave 7,210 SF Retail Building Oklahoma City, OK 73108 $2,150,000 ($298.20/SF) 6.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Can Be Sold Individually or Apart of Portfolio
- Highly Visible Corner
- Strong Local Operator
- High Traffic
EXECUTIVE SUMMARY
Located along the S Meridian Corridor, "Ballers" Bar and Grill positions itself well with surrounding airport and hotel traffic. The location is in close proximity to Will Rogers International Airport and serves both locals and visitors with modern bar fare. The restaurant features a highly desirable corner with ample parking and prominent visibility.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,210 SF
Building Class
B
Year Built
1985
Price
$2,150,000
Price Per SF
$298.20
Cap Rate
6.70%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.32 AC
Zoning
I-1 - Moderate Industrial
Parking
120 Spaces (16.64 Spaces per 1,000 SF Leased)
Frontage
87’ on Meridian Ave
AMENITIES
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 148801970 | Improvements Assessment | $102,405 |
| Land Assessment | $30,085 | Total Assessment | $132,490 |
PROPERTY TAXES
Parcel Number
148801970
Land Assessment
$30,085
Improvements Assessment
$102,405
Total Assessment
$132,490
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