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 properties

Property subtype

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%

  $926,787

  6.5%

  $855,495

  7%

  $794,389

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,106,703

  Geo Method

  $1,106,703

• Alternative Use

  Use

  Valuation

  Residential

  $721,642

  Hospitality

  $661,021

  Educational

  $549,961

  Medical

  $568,875

  Retail

  $855,495

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].