5615 Western AveOklahoma City, OK 73109

  • Commercial land
  • 2,349 SF
For Sale
$499,000 View listing

Property Details for 5615 Western Ave

Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.23 AC
Property size (Sq ft)
2,349 SF
Property type
Commercial land
APN
08-519-9130
APU
85199130

Description

This exceptional Oklahoma City commercial property, located at 5615 S Western Avenue, presents a unique investment opportunity. Priced at $499,000, this freestanding retail building boasts high visibility and significant traffic counts due to its prime Western Avenue location. The property encompasses a substantial 10,498 square foot lot and includes a 2400 square foot retail space, complemented by a 40x45 foot warehouse featuring an overhead door, ideal for storage or additional business operations. Ample parking is provided with approximately 12 spaces. The building's interior offers a versatile layout, including an office room and two bathrooms. All existing shelving and televisions will remain with the property, adding immediate value. The roof was recently resealed in 2024, ensuring long-term maintenance cost savings. Importantly, the C3 zoning allows for a wide range of potential uses, maximizing the property's flexibility and future development potential. This property is situated in Oklahoma City, Oklahoma County, OK 73109. This combination of prime location, versatile space, and recent upgrades makes this an attractive investment opportunity for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $-1,435,204
    Hospitality
    $-1,314,639
    Educational
    $-1,093,764
    Medical
    $-1,131,380
    Retail
    $-1,701,411

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.5289
Longitude
-97.53
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
$543
$4,423
-
$4,423
-
$40,216
-
$40,216

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