1501 Exchange AveOklahoma City, OK 73108

Property Details for 1501 Exchange Ave

Year built

1938

Construction

WOOD FRAME

Lot size

3.30 AC

Property size (Sq ft)

6,450 SF

Property type

Commercial land

APN

13-178-4550

APU

131784550

Description

This exceptional 5.2-acre (approximately 226,512 sq ft) commercial and industrial land parcel in Oklahoma City presents a remarkable development opportunity. Located at 1501 Exchange Ave, 73108, this property boasts breathtaking views of the Oklahoma City skyline and the Oklahoma River. Currently zoned for industrial use, a rezoning application for Planned Unit Development (PUD) is underway, with anticipated approval by August 2024. The land is ideally situated next to the Oklahoma University boathouse, offering excellent visibility from I-40. The site plan envisions a mixed-use development, potentially including condominiums or apartments with rooftop amenities such as a clubhouse, fitness center, swimming pool, dog park, and pickleball courts. A restaurant concept with a full bar and live music venue is also under consideration, subject to city approval. The property's strategic location provides easy access to the Oklahoma River trail, and is within minutes of downtown OKC, Bricktown, the Arts District, numerous restaurants and hotels, and other key attractions. Furthermore, its location within the OKC Empowerment Zone offers significant tax incentives and benefits for qualifying businesses, including wage credits, bond financing, and tax deductions. The asking price is $3,740,000, with a land value of $16.50 per square foot. This is a rare chance to acquire a premier development site in a rapidly growing area of Oklahoma City.

• Alternative Use

  Use

  Valuation

  Residential

  $1,275,231

  Hospitality

  $1,168,105

  Educational

  $971,849

  Medical

  $1,005,273

  Retail

  $1,511,766

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4571

Longitude

-97.5404

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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