1501 Exchange Ave Oklahoma City, OK 73108

This exceptional 5.2-acre (approximately 226,512 sq ft) commercial and industrial land parcel in Oklahoma City presents a remarkable development opportunity. Located at 1501 Exchange Ave, 73108, this property boasts breathtaking views of the Oklahoma City skyline and the Oklahoma River. Currently zoned for industrial use, a rezoning application for Planned Unit Development (PUD) is underway, with anticipated approval by August 2024. The land is ideally situated next to the Oklahoma University boathouse, offering excellent visibility from I-40. The site plan envisions a mixed-use development, potentially including condominiums or apartments with rooftop amenities such as a clubhouse, fitness center, swimming pool, dog park, and pickleball courts. A restaurant concept with a full bar and live music venue is also under consideration, subject to city approval. The property's strategic location provides easy access to the Oklahoma River trail, and is within minutes of downtown OKC, Bricktown, the Arts District, numerous restaurants and hotels, and other key attractions. Furthermore, its location within the OKC Empowerment Zone offers significant tax incentives and benefits for qualifying businesses, including wage credits, bond financing, and tax deductions. The asking price is $3,740,000, with a land value of $16.50 per square foot. This is a rare chance to acquire a premier development site in a rapidly growing area of Oklahoma City.