1501 44Th StOklahoma City, OK 73129

Property Details for 1501 44Th St

Year built

1998

Construction

WOOD FRAME

Lot size

1.07 AC

Property size (Sq ft)

560 SF

Property type

Office properties

Property subtype

Other office properties

APN

07-340-7617

APU

73407617

Description

This exceptional 1.1-acre retail property, located at 1501 SE 44th St, Oklahoma City, OK 73129, presents a unique investment opportunity. Situated on a hard corner with excellent visibility from Interstate 35, this property has served as a car lot since 1995. The lot boasts a fully fenced, blacktop paved area measuring approximately 160 feet east-west and 280 feet north-south. A 560 square foot modern office building is included, along with a convenient lean-to structure ideal for car detailing. Three separate water hookups are available on the property. The property features a lighted pole sign visible from I-35, enhancing its marketing potential. The zoning is I-2, and the property is conveniently located in a Federal Opportunity Zone. Easy ingress and egress are provided by entrances on both Prospect Avenue and 44th Street. The asking price is $729,000, representing a price per square foot of $1,301.79. This property is vacant and ready for immediate occupancy. The single-story building is currently vacant and offers significant potential for various automotive-related businesses. The substantial lot size and prime location make this an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $92,934

  6.5%

  $85,785

  7%

  $79,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,379

  Geo Method

  $67,379

• Alternative Use

  Use

  Valuation

  Residential

  $106,374

  Hospitality

  $97,438

  Educational

  $81,067

  Medical

  $83,855

  Retail

  $126,104

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4214

Longitude

-97.4855

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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