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Las Palmas 2916 SW 59th St 3,266 SF Retail Building Oklahoma City, OK 73119 $920,000 ($281.69/SF) 7.80% Cap Rate
EXECUTIVE SUMMARY
With its highly desirable features, including pylon sign, ample parking, full bar, and outdoor seating, this restaurant on SW 59th St and S May Ave is the perfect investment. With close proximity to I-44 and I-240, it‘s a prime location to attract new customers and build a thriving business. This property offers a great opportunity to invest in a restaurant in one of Oklahoma City‘s most sought-after locations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,266 SF
Building Class
C
Year Built/Renovated
1969/2021
Price
$920,000
Price Per SF
$281.69
Cap Rate
7.80%
NOI
$71,760
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.41 AC
Zoning
Commercial
Parking
25 Spaces (7.65 Spaces per 1,000 SF Leased)
Frontage
50’ on 59th St
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140831205 | Improvements Assessment | $44,240 |
| Land Assessment | $18,081 | Total Assessment | $62,321 |
PROPERTY TAXES
Parcel Number
140831205
Land Assessment
$18,081
Improvements Assessment
$44,240
Total Assessment
$62,321
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