1324 89Th StOklahoma City, OK 73159

Property Details for 1324 89Th St

Year built

1950

Construction

WOOD FRAME

Lot size

0.30 AC

Property size (Sq ft)

4,403 SF

Property type

Retail space

APN

OCC2VICLN 1 2001

APU

OCC2VICLN12001

Description

This exceptional 4,747 square foot creative office building, located at 1324 SW 89th Street in Oklahoma City, Oklahoma, presents a unique owner-user or investment opportunity. Situated on a 16,229 square foot lot, this single-story, Class B building boasts a prime location with high visibility, experiencing over 17,000 vehicles passing daily. Completely renovated in 2022, the property offers multiple suites suitable for a variety of uses, including office and retail spaces. The asking price is $475,000, translating to $100.06 per square foot. Built in 1950, this mixed-use property is currently vacant and zoned SPUD-1267, providing flexibility for diverse business ventures. Its strategic location in Cleveland County, zip code 73159, offers easy access to major transportation routes and a thriving local market. This is an excellent chance to acquire a well-maintained, high-traffic property with significant potential for immediate occupancy or lucrative investment returns.

• CAP approach

  CAP return

  Valuation

  6%

  $840,290

  6.5%

  $775,652

  7%

  $720,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,335,018

  Geo Method

  $1,335,018

• Alternative Use

  Use

  Valuation

  Residential

  $654,292

  Hospitality

  $599,328

  Educational

  $498,634

  Medical

  $515,782

  Retail

  $775,652

Location Insight

City

Oklahoma City

County

Cleveland

State

Oklahoma

Latitude

35.3769

Longitude

-97.5403

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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