1319 23Rd StOklahoma City, OK 73111

Property Details for 1319 23Rd St

Year built

1937

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.48 AC

Property size (Sq ft)

3,650 SF

Property type

Retail space

APN

03-499-9705

APU

34999705

Description

This exceptional 5,000-square-foot single-tenant space, located on 23rd Street in Oklahoma County, presents a unique opportunity for a variety of businesses. The building, classified as Class B, was constructed in 1937 and underwent a significant renovation in 2017. This renovation included a new TPO roof, updated plumbing, ductwork, and electrical lines. The property boasts a comprehensive fire suppression system, a large garage door, and a robust security system, ensuring both safety and functionality. The interior features a private office area and an expansive event space, making it ideal for venues, gyms, retail spaces, or similar uses. The building's infrastructure is robust, including three 5-ton HVAC units and a 400-amp breaker box. Convenient parking is available on the west side of the building. Its strategic location near the Oklahoma State Capitol, between I-235 and I-35, provides excellent accessibility and visibility. The property is zoned C4 and offers a rare blend of historical charm and modern functionality, situated within a rapidly revitalizing area. This is a truly remarkable opportunity to establish a thriving business in a prime Oklahoma City location.

• CAP approach

  CAP return

  Valuation

  6%

  $704,090

  6.5%

  $649,929

  7%

  $603,506

• Comparable approach

  Method

  Valuation

  Relative Method

  $456,735

  Geo Method

  $456,735

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,248,220

  Mixed-Use / Specialty

  $655,374

  Hospitality / Lodging

  $490,933

  Office

  $659,566

  Institutional / Educational

  $684,099

  Residential Income

  $800,396

  Multifamily

  $916,920

  Automotive / Energy

  $586,371

  Parking / Income-Based Land

  $194,681

  Restaurant / Food Service

  $357,431

  Healthcare / Senior Housing

  $664,114

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4935

Longitude

-97.4888

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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