7518 May AveOklahoma City, OK 73116

Property Details for 7518 May Ave

Year built

1949

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

12,183 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

07-990-0575

APU

79900575

Description

This exceptional single-story retail strip center, located at 7518 N May Avenue in Oklahoma City, Oklahoma County, offers 12,183 square feet of total building space. Currently, there is 3,635 square feet of vacant space available, perfect for a variety of retail businesses. The property boasts a convenient location at the intersection of Grand and N May, providing excellent visibility and accessibility for customers. The building features ample parking with 41 spaces available for tenants and customers. The property is classified as a multi-tenant retail space, presenting an opportunity for expansion or diversification. The available space totals 1,516 square feet, offering a flexible layout adaptable to various retail needs. The property's address is 7518 N May, Oklahoma City, OK 73116. This location provides easy access to major thoroughfares and a strong customer base within the surrounding community. The property is situated in Oklahoma County and offers a unique opportunity for businesses seeking a high-traffic location with significant visibility. With its convenient location and ample parking, this retail center presents a compelling investment opportunity for businesses looking to establish or expand their presence in the thriving Oklahoma City market. The property's single-story design ensures easy navigation and accessibility for customers and employees alike. The available space is ready for immediate occupancy, allowing businesses to quickly establish their operations.

• CAP approach

  CAP return

  Valuation

  6%

  $2,733,222

  6.5%

  $2,522,974

  7%

  $2,342,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,693,964

  Geo Method

  $3,693,964

• Alternative Use

  Use

  Valuation

  Residential

  $2,128,223

  Hospitality

  $1,949,441

  Educational

  $1,621,912

  Medical

  $1,677,692

  Retail

  $2,522,974

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.5469

Longitude

-97.5651

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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