For Sale
$1,400,000

3317 Memorial Rd Edmond, OK 73013

9,603 SF Office, 50% Occupied, Value-Add

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional two-story, 9,603 square foot Class B office building in Edmond, Oklahoma, presents a compelling investment opportunity. Located at 3317 E Memorial Rd, 73013, this multi-tenant property boasts a current gross annual income of $96,000. The building, constructed in 1999, is zoned PUD-455, O-1 and features a mix of occupied and vacant suites. The first floor is currently 50% occupied, housing Swift Physical Therapy and Oklahoma Quarter Horse Racing Association. Swift Physical Therapy occupies a large suite with multiple offices, a reception area, waiting room, and restroom. Oklahoma Quarter Horse Racing Association occupies a suite with five private offices, a large conference room, spacious reception area, and break room. The second floor comprises two vacant suites, each measuring 1,800 square feet, offering a combined 3,600 square feet of leasable space. These suites feature eight large private offices, wood floors, four offices with built-in workstations, abundant natural light, a large break room with a full kitchen, and two ADA-compliant restrooms. This property offers significant value-add potential through leasing the vacant space and increasing occupancy. The gross lease structure simplifies management. This is an ideal opportunity for investors seeking a strong cash flow with upside potential in a desirable Edmond location.

Highlights

  • $1,400,000 asking price for a 9,603 square foot Class B office building.
  • Gross lease, multi-tenant property with 50% occupancy.
  • Currently generating $96,000 in annual gross income.
  • Features two vacant suites, each 1,800 square feet, combinable for 3,600 square feet.
  • Two-story building constructed in 1999, located at 3317 E Memorial Rd, Edmond, OK 73013, zoned PUD-455, O-1.

Property Details for 3317 Memorial Rd

Property type
Office properties
Square Feet
9,603 SF
Class
B
Year Built
1999
Stories
2

Location Insight

City
Edmond
County
Oklahoma
State
Oklahoma
Latitude
35.6094204
Longitude
-97.4551013

FAQs

What type of property is this?
Office property - 9,603 SF Office, 50% Occupied, Value-Add
Where is the office property located?
The property is located at 3317 Memorial Rd Edmond, OK.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: $1,400,000 asking price for a 9,603 square foot Class B office building.; Gross lease, multi-tenant property with 50% occupancy.; Currently generating $96,000 in annual gross income.
How can I contact the broker?
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3317 Memorial Rd
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