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Newport Shopping Center 9120-9146 N Macarthur Blvd 26,205 SF 61% Leased Retail Building Oklahoma City, OK 73132 $2,700,000 ($103.03/SF)
INVESTMENT HIGHLIGHTS
- Attractive Price Point | Priced well below replacement cost, offering immediate equity potential.
- Strong Physical Condition | Well-maintained exterior, signage, and parking lot with no major deferred maintenance.
- Lake Hefner Proximity | Located near golf, trails, and waterfront dining— driving consistent area traffic.
- High-Traffic Location | Just off Northwest Expressway, one of OKC’s busiest commercial corridors.
- Flexible Space Options | Multiple vacant suites allow for creative leasing strategies and diverse tenant mix.
- Below Market Rents | Existing leases offer upside potential through future rent increases and re-tenanting.
EXECUTIVE SUMMARY
Newport Shopping Center presents a compelling opportunity for investors seeking a well-located retail property priced below replacement cost. Positioned just off Northwest Expressway and one block from Lake Hefner, the center sits in the path of consistent traffic with strong surrounding demographics and dense residential neighborhoods. The property is clean, well-maintained, and offers excellent curb appeal, access, and parking. Existing tenants include two local restaurants, a laundromat, and a dog grooming business, providing a base of activity and daily-use traffic. Currently, 61% occupied, the center offers immediate upside through new leasing and tenant repositioning. The pricing reflects this, creating a rare chance to acquire a retail asset with built-in potential at an attractive basis. With solid physical condition, strong visibility, and an underutilized footprint, Newport Shopping Center is a smart investment for buyers looking to capture long-term upside in an established and growing corridor.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Distress Sale
Property Type
Retail
Building Size
26,205 SF
Building Class
C
Year Built/Renovated
1975/2020
Price
$2,700,000
Price Per SF
$103.03
Percent Leased
61%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
1.89 AC
Zoning
Commerical
Parking
115 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
297’ on Macarthur Blvd
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Taqueria El Camino Endcap Restaurant space For Lease. Second Generation Kitchen and Restaurant.
- 9128
- 1,476 SF
- Retail
- In-Line
- 30 Days
Church
- 9136
- 1,815 SF
- Retail
- In-Line
- Now
Salon Suite.
- 9140
- 1,789 SF
- Retail
- In-Line
- Now
- 9142
- 2,118 SF
- Retail
- In-Line
- Now
- 9144
- 1,170 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 9120 | 2,474 SF | Restaurant | - | Now |
| 9128 | 1,476 SF | Retail | In-Line | 30 Days |
| 9130 | 5,372 SF | Retail | - | Now |
| 9136 | 1,815 SF | Retail | In-Line | Now |
| 9138 | 1,842 SF | Retail | In-Line | Now |
| 9140 | 1,789 SF | Retail | In-Line | Now |
| 9142 | 2,118 SF | Retail | In-Line | Now |
| 9144 | 1,170 SF | Retail | In-Line | Now |
9120
| Size |
| 2,474 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
9128
| Size |
| 1,476 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
9130
| Size |
| 5,372 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
9136
| Size |
| 1,815 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
9138
| Size |
| 1,842 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
9140
| Size |
| 1,789 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
9142
| Size |
| 2,118 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
9144
| Size |
| 1,170 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
9120
| Size | 2,474 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Taqueria El Camino Endcap Restaurant space For Lease. Second Generation Kitchen and Restaurant.
9130
| Size | 5,372 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Church
9138
| Size | 1,842 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Salon Suite.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140611028 | Improvements Assessment | $125,726 |
| Land Assessment | $27,099 | Total Assessment | $152,825 |
PROPERTY TAXES
Parcel Number
140611028
Land Assessment
$27,099
Improvements Assessment
$125,726
Total Assessment
$152,825
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
