813 Prospect AvePonca City, OK 74601

Property Details for 813 Prospect Ave

Year built

2003

Lot size

1.15 AC

Property size (Sq ft)

2,295 SF

Property type

Drive through restaurants

APN

1990-10-026-02E-4-005-15

APU

19901002602E400515

Description

This exceptional 2,331 square foot retail building, constructed in 2003, sits on a 1.17-acre lot in Kay County, Oklahoma. The property boasts a convenient drive-thru, a significant advantage for food service or similar businesses. Its strategic location as an outparcel directly in front of the only Walmart Supercenter within a 40-mile radius ensures exceptional visibility and high traffic volume. This presents a unique opportunity for businesses seeking a prominent position in a thriving market. The single-story building is classified as Class B and offers a single tenancy. The property's size and location make it ideal for a variety of retail uses, benefiting from the substantial customer base drawn to the nearby Walmart. The ample land provides ample parking and potential for future expansion. This is a rare opportunity to acquire a well-positioned, free-standing retail building in a high-demand area. The property's strong location and existing infrastructure make it an attractive investment for businesses seeking immediate occupancy and significant return. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $581,241

  6.5%

  $536,530

  7%

  $498,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $695,859

  Geo Method

  $695,859

• Alternative Use

  Use

  Valuation

  Residential

  $452,583

  Hospitality

  $414,564

  Educational

  $344,912

  Medical

  $356,774

  Retail

  $536,530

Location Insight

City

Ponca City

County

Kay

State

Oklahoma

Latitude

36.7391

Longitude

-97.0733

CBSA code

38620

CBSA name

PONCA CITY, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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