827 W 1st St - Kelly Krossings Retail 0.59 - 0.61 Acre Commercial Land Lots in Edmond, OK 73003

KELLY KROSSING RETAIL | FOUR BUILD-READY PADS AT N. KELLY AVE & W. EDMOND RD, EDMOND, OK
THE OFFERING
Kelly Krossing — Tract 2 is a four-pad commercial development site totaling ±2.40 acres (±104,476 SF) nearby the signalized-grade corner of N. Kelly Avenue and W. Edmond Road in Edmond, Oklahoma — one of the OKC metro's strongest daily-needs retail corridors. The site delivers as four right-sized pads of approximately 0.60 acres each, a format the corridor's existing national tenants have already underwritten against:
• Lot 1 — 26,199 SF / 0.60 AC
• Lot 2 — 25,722 SF / 0.59 AC
• Lot 3 — 26,361 SF / 0.61 AC (largest pad)
• Lot 4 — 26,194 SF / 0.60 AC
Buy one pad or the entire assemblage.
ENTITLEMENT — BY-RIGHT, LOW-RISK
The site sits within an existing approved PUD with the City of Edmond, and a preliminary plat (Kelly Krossing — Tract 2, Block 1) is in process. This dramatically reduces the entitlement risk and timeline that have historically constrained this hard corner. LOIs and term sheets are being reviewed in advance of final plat approval, and reasonable diligence periods will be accommodated. Buyers acquire pad sites following plat approval — this is shovel-ready development land, not raw ground.
LOCATED WHERE EDMOND SHOPS
Kelly Krossing — Tract 2 captures Edmond's daily commuter flow at the intersection where the city shops, eats, banks, and lives. Combined traffic at the corner exceeds 43,000 vehicles per day — 23,745 VPD on N. Kelly Avenue and 19,361 VPD on W. Edmond Road. N. Kelly carries the commute home from the OKC employment base into an affluent Edmond residential core, heading north in the morning and back south in the evening.
The immediate trade area is largely active and leasing, anchored by a roster of national and regional users: ALDI, Tommy's Express Car Wash, RCB Bank, Sonic, Billy Sims BBQ, Conoco, and a brand-new 7 Brew at the intersection's hard corner. Kelly Hollow, a 250-unit multifamily community, is under delivery and opening this year — adding rooftops and daytime demand directly adjacent to the pads. The site sits roughly five minutes from the University of Central Oklahoma (12,000+ students).
DEMOGRAPHICS — A GROWING EDMOND TRADE AREA
Edmond is among the fastest-growing OKC submarkets, with approximately 99,000 residents and a dense infill retail corridor anchored by UCO and a 1.4M+ metro catchment. 2024 demographics from the site:
1 MILE 3 MILE 5 MILE
Population 11,960 83,004 329,576
Households 4,881 30,852 135,621
Avg HH Income $74,857 $103,414 $108,010
Median HH Income $61,700 $78,790 $80,046
Median Age 34.6 36.2 37.6
Bachelor's Degree + 33% 47% 47%
Top area employers include UCO, Integris Health, Mercy Edmond, OU Medical Center, and Crest Foods. The broader OKC metro population exceeds 1.4 million within the catchment. The five-mile trade area combines high household income ($108K average), strong educational attainment (47% bachelor's+), and a young, growing population — the profile daily-needs and service retailers target.
WHY THIS SITE, NOW
Three factors make Kelly Krossing — Tract 2 a timely acquisition. First, the format is proven: four right-sized ±0.60-AC pads match exactly what the corridor's existing national tenants underwrote against, so users and developers work from a known template rather than reinventing the site. Second, the trade area is filling in real time — Kelly Hollow's 250 units deliver this year, adding immediate rooftops and daytime traffic, while the corner's anchor roster continues to lease. Third, the existing approved PUD removes the entitlement uncertainty that has historically stalled development on this corner, compressing the path from contract to vertical construction. The combination of a leasing trade area, low entitlement risk, and a flexible, unpriced deal structure gives buyers an unusually clean entry point on an infill Edmond corner that rarely trades.
SIZED FOR THE DAILY-NEEDS USER
The pads are scaled to typical QSR, coffee/drive-thru, medical-office, and bank prototypes, with corridor infrastructure already in place. Suitable uses include:
• Retail / QSR — quick-service, fast-casual, coffee & drive-thru, convenience, daily-needs retail
• Medical Office — dental, urgent care, eye/vision, specialty practice, veterinary
• Service & Bank — financial, fitness, salon, professional services
• Build-to-Suit — single-tenant net lease, ground lease, or BTS sale-leaseback
FLEXIBLE DEAL STRUCTURE — BUY, BUILD, OR BUILD-TO-SUIT
This site has been left unpriced by design. Each path carries a different cost basis, and pricing is delivered on request, shaped to the deal. Three paths:
Path 01 — Pad Sale: Acquire one or more ±0.60-AC pads outright, closing on final plat. Ideal for users with their own development capacity — QSR/coffee, medical, or bank/service retail.
Path 02 — Joint Development: Partner with ownership on a vertical build via land contribution, equity participation, or capital partnership — any structure that aligns incentives.
Path 03 — Build-to-Suit: Ownership delivers a building tailored to a credit tenant via ground lease, NNN lease, or BTS sale-leaseback at completion, with underwriting flexible to tenant profile.
Bring us a use, a footprint, and a timeline — and we will work backward from your economics. Creative deal-makers are welcome.
INVESTMENT HIGHLIGHTS
• Four build-ready ±0.60-AC pads (±2.40 AC / ±104,476 SF) — buy one or all
• Hard-corner location at N. Kelly Ave & W. Edmond Rd — 43,000+ combined VPD
• By-right subdivide per existing approved PUD — low entitlement risk, no rezone anticipated
• Preliminary plat in process; shovel-ready following final plat
• Surrounded by ALDI, Tommy's Express, RCB Bank, Sonic, 7 Brew & a new 250-unit multifamily
• ±5 minutes to UCO (12,000+ students); affluent, growing Edmond trade area
• $108K average HH income and 329,000+ residents within five miles
• Flexible structures — pad sale, joint development, or build-to-suit ground lease
CONTACT
Jonathan Thompson, Partner — Trio Commercial Real Estate
Direct: (405) 406-4045 | Email: JThompson@TrioCRE.com
Office: 3856 S. Boulevard, Suite 240, Edmond, OK 73013 | TrioCRE.com
OK License #170776
Dimensions, areas, and lot count are per the preliminary plat (Kelly Krossing — Tract 2) and are approximate, pending final plat approval. Demographics: 2024 ESRI / Trio CRE compilation. Traffic counts: ODOT & municipal data. Verify independently before underwriting.