1112 23Rd StOklahoma City, OK 73106
- Retail properties
- 17,830 SF
Property Details for 1112 23Rd St
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.88 AC
- Property size (Sq ft)
- 17,830 SF
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- 04-500-0747
- APU
- 45000747
Description
This unique 33,535-square-foot property, known as the Gold Dome, presents a remarkable investment opportunity. Located at 1112 NW 23rd St, Oklahoma City, OK 73106, this iconic structure sits on a 2.43-acre lot in the heart of Uptown OKC, a densely populated area. Built in 1958, this three-story building boasts a unique geodesic dome design, one of only a few privately owned in the United States. The property is currently vacant and offers significant potential for redevelopment. Its classification as a mixed-use property allows for a variety of uses, including retail, hospitality, and special purposes, as permitted under the C3 Commercial zoning. The building features 78 existing parking spaces, with potential for expansion to over 100. Its prime location on historic Route 66, a heavily trafficked arterial road (34,000+ vehicles daily), ensures high visibility and accessibility. Furthermore, its listing on the National Register of Historic Places opens the possibility of utilizing historic tax credits. The property's proximity to Interstate 235, the State Capitol, Oklahoma City University, downtown OKC, Midtown, Paseo and Plaza Districts, and OU Medical Center provides unparalleled convenience and accessibility. The asking price is $3,000,000, translating to $89.46 per square foot. This is a rare chance to acquire a piece of Oklahoma City history with immense redevelopment potential.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,435,366
- 6.5%
- $4,094,183
- 7%
- $3,801,742
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,406,170
- Geo Method
- $5,406,170
-
Alternative Use
- Use
- Valuation
- Residential
- $3,453,597
- Hospitality
- $3,163,476
- Educational
- $2,631,975
- Medical
- $2,722,493
- Retail
- $4,094,183
Location Insight
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Latitude
- 35.4928
- Longitude
- -97.5306
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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