4500 23Rd StOklahoma City, OK 73121

  • Commercial land
  • 8,500 SF
For Sale
$550,000 View listing

Property Details for 4500 23Rd St

Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
5.30 AC
Property size (Sq ft)
8,500 SF
Property type
Commercial land
APN
13-199-5050
APU
131995050

Description

This exceptional 5-acre commercial/industrial land parcel in Oklahoma City, OK, presents a compelling investment opportunity. Located at 4500 NE 23rd St, zip code 73121, this property boasts a strategic location near the intersection of I-35 and I-40, two of the nation's busiest interstates, offering unparalleled accessibility. Currently zoned for RV/boat storage (SPUD approved), this rectangular lot provides ample space for development. The asking price is $550,000, translating to $120,000 per acre. Its frontage on a four-lane highway ensures convenient access for customers. Beyond its current zoning, the property's versatility allows for potential rezoning to I-1, I-2, or C-3 classifications, opening doors to a wider range of commercial and industrial uses. The property's central Oklahoma City location and proximity to major transportation arteries make it an ideal site for various businesses seeking high visibility and convenient access. This is a rare opportunity to acquire a sizable, strategically located parcel in a thriving metropolitan area. The property's size and location offer significant potential for future growth and return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,379,994
    Hospitality
    $1,264,067
    Educational
    $1,051,689
    Medical
    $1,087,858
    Retail
    $1,635,961

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.4922
Longitude
-97.4371
CBSA code
36420
CBSA name
OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$592
$4,823
-
$4,823
-
$43,850
-
$43,850

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