220 Elm StJenks, OK 74037

Property Details for 220 Elm St

Year built

2018

Construction

STEEL FRAME

Lot size

4.26 AC

Property size (Sq ft)

25,206 SF

Zone code

CS

Property type

Medical offices

Property subtype

Medical centers

APN

60710-82-24-34470

APU

60710822434470

Description

This exceptional 1.83-acre commercial ground lease presents a remarkable opportunity in the heart of Jenks, America. Located at the intersection of Main and Elm Streets, this property boasts a highly desirable CS zoning designation, providing flexibility for a wide range of commercial developments. The parcel, identified by APN 60760-82-24-21540, is situated within the thriving Melody Lane Shopping Center, ensuring high visibility and accessibility for any business. Its central location within Jenks offers unparalleled access to a robust consumer base and established infrastructure. The single-tenancy nature of the lease provides a clear and straightforward ownership structure, minimizing complexities and maximizing potential returns. This prime location, combined with the substantial acreage and favorable zoning, makes this an ideal investment for developers seeking a strategic foothold in a dynamic and growing market. The property's strategic placement within the Melody Lane Shopping Center guarantees significant foot traffic and exposure, making it an attractive proposition for a variety of commercial ventures. This is a rare opportunity to acquire a substantial parcel of land in a prime commercial location, offering significant potential for long-term growth and profitability. The property's size and zoning allow for a multitude of development possibilities, catering to a diverse range of commercial needs. Serious inquiries are encouraged to explore the full potential of this exceptional commercial ground lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,404,960

  6.5%

  $3,143,040

  7%

  $2,918,538

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,802,985

  Geo Method

  $1,802,985

• Alternative Use

  Use

  Valuation

  Residential

  $3,897,370

  Hospitality

  $3,569,970

  Educational

  $2,970,173

  Medical

  $3,072,322

  Retail

  $4,620,270

Location Insight

City

Jenks

County

Tulsa

State

Oklahoma

Latitude

36.0206

Longitude

-95.9769

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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