4301 Union AveTulsa, OK 74107

Property Details for 4301 Union Ave

Year built

1994

Construction

WOOD FRAME

Lot size

0.73 AC

Property size (Sq ft)

3,472 SF

Zone code

RS3

Property type

Auto shops

APN

36550-92-26-00490

APU

36550922600490

Description

This 3,472 square foot commercial property, located at 4301 S Union Avenue in Tulsa, Oklahoma, is offered at $500,000. Currently configured as a church and outreach center, this versatile space presents significant redevelopment opportunities for a variety of retail uses. Situated on a 0.73-acre lot in Tulsa County (zip code 74107), the property boasts ample parking and a highly desirable location directly across from Reed Park. The substantial lot size offers considerable potential for expansion or additional development. A creek runs through the property, adding a unique natural element. The asking price of $500,000 includes certain existing equipment. This property is zoned for commercial use and presents a rare opportunity to acquire a well-located, sizable retail space with significant upside potential in a thriving Tulsa neighborhood. The property's convenient location and ample parking make it an attractive option for a wide range of retail businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $689,454

  6.5%

  $636,419

  7%

  $590,960

• Comparable approach

  Method

  Valuation

  Relative Method

  $625,847

  Geo Method

  $625,847

• Alternative Use

  Use

  Valuation

  Residential

  $536,843

  Hospitality

  $491,745

  Educational

  $409,126

  Medical

  $423,197

  Retail

  $636,419

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.1004

Longitude

-96.0113

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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