323 A StJenks, OK 74037

Property Details for 323 A St

Year built

1916

Construction

WOOD FRAME

Lot size

0.32 AC

Property size (Sq ft)

919 SF

Zone code

CH

Property type

Office buildings

APN

60525-83-19-04800

APU

60525831904800

Description

This exceptional offering presents a unique investment opportunity in the heart of Jenks, Oklahoma. Encompassing a full block of eight contiguous lots, totaling 76,278 square feet (approximately 1.75 acres), this property provides a prime location for a multifamily development or luxury condominium project. Situated on both sides of a street, from Cedar to Birch, with alleyway access, the lots offer unparalleled convenience and accessibility. The property is zoned RS3, OM, and CH, ensuring a straightforward development process. This is a rare chance to acquire some of the last remaining original town of Jenks property suitable for a project of this scale. The location is highly desirable, within walking distance of a highly-regarded high school, an array of shopping, dining, and service establishments. Furthermore, its proximity to the Oklahoma Aquarium and a new outlet mall adds significant appeal. Just one block north of Jenks' Main Street, with its antique stores and other businesses, this property benefits from a vibrant and growing community. Jenks itself is one of Oklahoma's fastest-growing towns, a suburb of Tulsa located southwest of the city. All eight lots are being sold together, presenting a cohesive and substantial development opportunity for $950,000. This is a Class A property with eight potential units.

• CAP approach

  CAP return

  Valuation

  6%

  $124,143

  6.5%

  $114,594

  7%

  $106,409

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,736

  Geo Method

  $65,736

• Alternative Use

  Use

  Valuation

  Residential

  $142,096

  Hospitality

  $130,160

  Educational

  $108,291

  Medical

  $112,016

  Retail

  $168,453

Location Insight

City

Jenks

County

Tulsa

State

Oklahoma

Latitude

36.0239

Longitude

-95.9729

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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