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7220 S Western Ave
Oklahoma City, OK 73139
OKC Strip Center - Oklahoma City, OK · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Oklahoma City remains one of the fastest-growing major U.S. urban centers, adding over 8,000 residents recently.
- High entry cap, vacancy, and lease-up opportunity create a path to significantly enhance returns for the next owner.
- On-site parking lot to accommodate retail tenants.
- Positioned on a major south OKC commercial artery with over 30,000 VPD and adjacent national/regional tenants.
- Current price per SF significantly below estimated replacement cost, delivering built-in equity for investors.
- Oklahoma City’s housing market and labor force growth reflect its affordable cost of living and solid employment base.
EXECUTIVE SUMMARY
Introducing a prime investment opportunity in Oklahoma City. This 16,080 SF property, renovated in 2017, is a beacon of potential for retail/street retail investors. Boasting a strategic location in a C-3 zoned area, this property offers endless possibilities. Built in 2017 and currently at ninety percent (90%) occupancy, it presents a blank canvas for savvy investors to maximize its potential. With a focus on retail and street retail, this property is ideal for those seeking to capitalize on a thriving market and make their mark in this dynamic Oklahoma City location.
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,080 SF
Building Class
B
Year Built
2017
Price
$3,200,000
Price Per SF
$199.00
Cap Rate
8.08%
NOI
$258,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.50 AC
Zoning
Commercial - C-3, Retail
Parking
98 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Number | 102400100 | Improvements Assessment | $169,081 |
| Land Assessment | $53,386 | Total Assessment | $222,467 |
PROPERTY TAXES
Parcel Number
102400100
Land Assessment
$53,386
Improvements Assessment
$169,081
Total Assessment
$222,467
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