601-619 Hartford AvePonca City, OK 74601

Property Details for 601-619 Hartford Ave

Year built

1969

Lot size

0.71 AC

Property size (Sq ft)

14,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 14,000 square foot shopping center in Ponca City, Oklahoma presents a compelling value-add investment opportunity. Located at the hard corner of Hartford and 6th Street, this single-story, 1969-built Class B property features eight units currently at 69.29% occupancy. The precast concrete structure boasts no interior load-bearing walls (excluding the central firewall), offering flexibility for future renovations or tenant improvements. Each of the eight units has its own gas and electric meters, and the landlord covers water expenses. The property sits on a 0.71-acre lot and is zoned C-1, allowing for a variety of retail and commercial uses. The asking price is $785,000, representing a price per square foot of $56.07 and a 7.00% cap rate. The property's strategic location near Alliance Health, churches, other retail establishments, and restaurants ensures high visibility and potential for increased occupancy. The seller will consider owner financing. This multi-tenant retail center offers a strong foundation for a savvy investor seeking to enhance value and generate substantial returns.

Location Insight

City

Ponca City

County

Kay

State

Oklahoma

Latitude

36.7243

Longitude

-97.0771

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