4000 May AveOklahoma City, OK 73112

  • Retail space
  • 1,783 SF
For Lease
$75,000/SF/YR View listing

Property Details for 4000 May Ave

Year built
1970
Construction
CONCRETE BLOCKS
Lot size
0.47 AC
Property size (Sq ft)
1,783 SF
Property type
Retail space
APN
05-935-0150
APU
59350150

Description

This exceptional 0.47-acre commercial land parcel presents a rare opportunity for businesses seeking high visibility and convenient access. Located at the hard corner of North May Avenue and I-44 in Oklahoma County, this property boasts unparalleled exposure to significant daily traffic. The lot is zoned C-4, offering a wide range of potential uses. Existing improvements include a fully fenced perimeter, ensuring security and control. A large pylon sign is already in place, providing immediate branding opportunities for tenants. The strategic location at the intersection of a major thoroughfare and interstate highway guarantees exceptional visibility and accessibility, making it an ideal site for a variety of commercial ventures. This property is offered for lease and represents a unique chance to establish a strong presence in a high-traffic area with excellent visibility and convenient access to major transportation routes. The existing fence provides a secure perimeter, and the large pylon sign offers immediate advertising potential. Serious inquiries are encouraged to explore the possibilities of this prime commercial land. The C-4 zoning allows for a diverse range of commercial uses, making this a versatile and attractive investment opportunity. Don't miss this chance to secure a prominent location in a thriving area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $387,230
    6.5%
    $357,443
    7%
    $331,912
  • Comparable approach

    Method
    Valuation
    Relative Method
    $540,617
    Geo Method
    $540,617
  • Alternative Use

    Use
    Valuation
    Residential
    $301,517
    Hospitality
    $276,188
    Educational
    $229,785
    Medical
    $237,688
    Retail
    $357,443

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.512
Longitude
-97.5653
CBSA code
36420
CBSA name
OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,986
$16,835
$31,902
$48,737
-
$166,850
$316,169
$483,019

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].