1008 Pennsylvania AveOklahoma City, OK 73107

Property Details for 1008 Pennsylvania Ave

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

4,372 SF

Property type

Retail space

APN

01-689-1025

APU

16891025

Description

This exceptional 4,372 square foot freestanding retail building is located at 1008 N Pennsylvania Ave in Oklahoma City, Oklahoma, within the 73107 zip code. Built in 1982, this single-story Class C building sits on a 0.29-acre lot and is zoned I-2, offering significant potential for a variety of retail uses. The asking price is $395,000, translating to a price per square foot of $90.35. The property's previous use was a retail optical shop. High traffic counts along N Penn Avenue, reaching 9194 vehicles annually according to ACOG 2022 data, ensure excellent visibility and accessibility for your business. This owner/user investment opportunity presents a compelling chance to establish a strong retail presence in a high-traffic area of Oklahoma City. The building offers a substantial footprint for a variety of retail concepts. Serious inquiries are encouraged to explore this prime commercial real estate offering. Further details regarding lease options are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,072,427

  6.5%

  $989,932

  7%

  $919,223

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,325,618

  Geo Method

  $1,325,618

• Alternative Use

  Use

  Valuation

  Residential

  $835,045

  Hospitality

  $764,897

  Educational

  $636,385

  Medical

  $658,271

  Retail

  $989,932

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4781

Longitude

-97.5474

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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