508 A StJenks, OK 74037

Property Details for 508 A St

Year built

2013

Construction

WOOD FRAME

Lot size

0.24 AC

Property size (Sq ft)

2,449 SF

Zone code

OM

Property type

Retail space

APN

60525-83-19-01600

APU

60525831901600

Description

This exceptional mixed-use property, located at 508 E A Street Unit 508 in Jenks, Oklahoma, presents a unique investment opportunity. Boasting 2,449 square feet on a 0.24-acre lot, this property is zoned OM and features a desirable vaulted, open-concept layout ideal for a variety of businesses. The high-visibility "A Street" location benefits from the ongoing revitalization of the Jenks community, which includes the addition of new restaurants, entertainment venues, apartments, office buildings, and the Premium Outlet Mall. The property includes approximately twelve parking spaces, offering ample convenience for clients and employees. This property's strategic location within Jenks, known for its highly-rated public schools and strong community spirit, ensures a stable and desirable market. The "as is" sale condition allows for flexibility in future development and customization. Furthermore, there's the potential to acquire contiguous properties at 514-518 A Street, providing additional rental income and substantial asphalted parking. This presents a compelling opportunity to expand the property's functionality and profitability. The asking price for this prime Jenks location is $799,000.

• CAP approach

  CAP return

  Valuation

  6%

  $486,311

  6.5%

  $448,903

  7%

  $416,838

• Comparable approach

  Method

  Valuation

  Relative Method

  $441,446

  Geo Method

  $441,446

• Alternative Use

  Use

  Valuation

  Residential

  $378,666

  Hospitality

  $346,856

  Educational

  $288,580

  Medical

  $298,505

  Retail

  $448,903

Location Insight

City

Jenks

County

Tulsa

State

Oklahoma

Latitude

36.0233

Longitude

-95.9643

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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