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Neighborhood Shopping Center with Vacancy
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2112 Oklahoma Avenue, Woodward, OK 73801

Westgate Shopping Center offers approximately 54% vacancy and a mix of national tenants, including Anytime Fitness.

Property Size62,555 SF
Price / SF$41.56
Days on Market123

Property Features for 2112 Oklahoma Avenue

General Information

Standard status Active
Size 62,555 SF
Property subtype Retail
Occupancy 46%
Investment Type Value Add

Building Details

Year Built 1971
Tenancy Multi
Listing Agency: Northmarq Capital, LLC
Listed By: Anne Perrault · License #OK
Source: Crexi
Added: May 6 Changed: Aug 18 Last Checked: Sep 5 at 7:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Capital, LLC

Investment Insights

Based on property information with market context.

Westgate Shopping Center is a neighborhood retail center featuring approximately 54% vacancy, creating room for future leasing and income growth. Current occupancy includes recognizable national tenants, with existing in-place rents on occupied space described as below market, including Anytime Fitness at about 25% of market rent.

The property is located at 2112 Oklahoma Avenue in Woodward, Oklahoma, and is positioned just minutes from Northwest Oklahoma’s primary hospital. The center’s tenancy is also described as supported by a large franchisee, contributing to overall stability.

This center is being offered for sale as a retail investment with current income and significant lease-up opportunity tied to the noted vacancy and below-market rents.

Key Highlights

  • Westgate Shopping Center (2112 Oklahoma Avenue, Woodward, OK 73801) built in 1971
  • Approximately 54% vacancy, creating lease‑up potential
  • In‑place rents on occupied space are below market, including Anytime Fitness at about 25% of market rent

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Catering Service Grocery & Convenience Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

506
Businesses Nearby
96k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 65% Shops & Services 19% Groceries 9% Home Improvements & Furnishings 7%
McDonald's Dining
27,681 visits/mo 0.5 miles
SONIC Drive In Dining
11,895 visits/mo 0.3 miles
United Supermarkets Groceries
8,919 visits/mo 0.2 miles
Carl's Jr. Dining
6,011 visits/mo 0.4 miles
Starbucks Dining
5,312 visits/mo 0.3 miles

Demographics for 73801, OK

15,671
Population
7,046
Households
2.2
Avg Household Size
38
Median Age
20%
College-Educated
88%
High-School Grad
459.0 sq mi
ZIP Area
34
Density / Sq Mi
$65,454
Median Household Income
$37,832
Median Earnings
$842
Median Rent
$178,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Westgate Shopping Center offers approximately 54% vacancy and a mix of national tenants, including Anytime Fitness.
Where is this shopping center located?
The property is located at 2112 Oklahoma Avenue Woodward, OK.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Westgate Shopping Center (2112 Oklahoma Avenue, Woodward, OK 73801) built in 1971; Approximately 54% vacancy, creating lease‑up potential; In‑place rents on occupied space are below market, including Anytime Fitness at about 25% of market rent
More about this property
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