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2640 N Florence Ave 2.44 Acres of Industrial Land Offered at $550,000 in Tulsa, OK 74110
INVESTMENT HIGHLIGHTS
- Leased through October 2028 to Lindenwood Education Systems
- Fully fenced, stabilized gravel yard with two large drive-in gates
- Asking price: $550,000 with an 8.7% cap rate
EXECUTIVE SUMMARY
This 2.4± acre industrial outside storage site at 2640 North Florence Avenue in Tulsa, Oklahoma, is currently leased to Lindenwood Education Systems through October 31, 2028, serving as a truck driving school facility. The property features recent improvements including a 6’ chain link fence, two large drive-in gates, and a stabilized gravel yard, offering secure and versatile access. With moderate industrial zoning, level topography, and utility availability, the site presents an attractive investment opportunity with minimal maintenance and reliable income, supported by a current net operating income of $48,000 and 4% annual rent increases.
PROPERTY FACTS
| Price | $550,000 | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | Industrial |
| No. Lots | 1 | Total Lot Size | 2.44 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | IM | ||
| Price | $550,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Industrial |
| Total Lot Size | 2.44 AC |
| Opportunity Zone |
Yes |
| Zoning | IM |
1 LOT AVAILABLE
Lot
| Price | $550,000 | Lot Size | 2.44 AC |
| Price Per AC | $225,040.92 |
| Price | $550,000 |
| Price Per AC | $225,040.92 |
| Lot Size | 2.44 AC |
Level topography; water/sanitary & stormwater available; two access points; fully fenced with large gates; stabilized gravel yard
1 1
PROPERTY TAXES
| Parcel Number | 90320-03-20-48345 | Improvements Assessment | $11,385 |
| Land Assessment | $11,715 | Total Assessment | $23,100 |
PROPERTY TAXES
Parcel Number
90320-03-20-48345
Land Assessment
$11,715
Improvements Assessment
$11,385
Total Assessment
$23,100
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2640 N Florence Ave
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