9128 23Rd StOklahoma City, OK 73141

Property Details for 9128 23Rd St

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

690 SF

Property type

Retail space

APN

15-620-1500

APU

156201500

Description

This exceptional 4.13-acre parcel in Oklahoma City, located at 9128 NE 23rd St, zip code 73141, presents a unique development opportunity. Priced at $650,000, the property offers high visibility and easy access due to its frontage on NE 23rd Street. The zoning allows for a blend of retail and residential uses, providing flexibility for diverse development plans. The front portion, designated for retail, is ideal for a strip mall, flex space, or light industrial buildings, capitalizing on the area's commercial activity. Conversely, the rear acreage, zoned for residential, is perfect for creating a new residential community. The land itself is largely flat and cleared, minimizing site preparation costs and expediting the construction process. This makes it an attractive proposition for developers seeking a streamlined project. This is a rare chance to acquire a significant piece of land in a desirable Oklahoma City location, combining commercial and residential potential in one convenient package. The property's location in Oklahoma County offers excellent access to major transportation routes and amenities. Don't miss this chance to build your vision in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $143,868

  6.5%

  $132,802

  7%

  $123,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $209,212

  Geo Method

  $209,212

• Alternative Use

  Use

  Valuation

  Residential

  $112,023

  Hospitality

  $102,613

  Educational

  $85,372

  Medical

  $88,308

  Retail

  $132,802

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4928

Longitude

-97.367

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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