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Neighborhood Shopping Center with Vacant Land
For Sale
$3,200,000

3124 N May Avenue, Oklahoma City, OK 73112

Neighborhood shopping center includes multiple existing retail units under one roof plus adjacent vacant land for development.

Property Size31,012 SF
Price / SF$103.19
Days on Market200

Property Features for 3124 N May Avenue

General Information

Standard status Active
Size 31,012 SF
Property subtype Commercial
Zoning Commercial

Taxes and HOA fees

Annual Taxes $21,033

Building Details

Building Size 31,012 SF
Year Built 1955
Stories 1
Units 10
Tenancy Multi
Listing Agency: RE/MAX Preferred
Listed By: Paul Brooks · License #116430
Source: Capitalrealestateok
Added: Apr 10 Changed: Oct 25 Last Checked: Jul 27 at 10:31AM

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 RE/MAX Preferred

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Investment Insights

Based on property information with market context.

This for-sale neighborhood shopping center totals 31,012 square feet (mol) under one roof and includes a mix of occupied suites and several larger units described as currently empty. The property also includes approximately 11,748 square feet of blacktop parking intended to serve the shopping center.

The center is described as running from NW 31st and May to NW 32nd and May on the north side of the street, with the east side of the property including approximately 1 to 1.2 acres of vacant land. Buyer should verify zoning and all information.

The offering includes multiple tenants and leases in place, with listed rents totaling approximately $14,500 per month across current occupancy. Several vacancies are referenced as having potential leasing opportunity in the $1,500 per month range, subject to verification.

Key Highlights

  • Neighborhood shopping center totaling 31,012 SF (mol) under one roof with multiple existing retail units and longtime tenants
  • Blacktop provides approx. 11,748 SF of parking for the Neighborhood Shopping Center
  • Adjacent east‑side vacant land includes approx. 1 to 1.2 acres for potential development of small apartment complex, duplex, or rental units

Property Analytics

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Current Use

Barry's Grill Restaurant C L art ... Home Decor Store A H Market Grocery & Convenience Store Heidari Properties Association Or Organization

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon HVAC Service Nail Salon Parking Lot & Garage

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby
66k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 48% Shops & Services 47% Leisure 6%
Wendy's Dining
12,393 visits/mo 0.4 miles
Starbucks Dining
11,274 visits/mo 0.4 miles
OnCue Express Shops & Services
9,497 visits/mo 0.4 miles
Chase Bank Shops & Services
8,176 visits/mo 0.5 miles
Dunkin' Donuts Dining
8,009 visits/mo 0.4 miles

Demographics for 73112, OK

31,113
Population
16,413
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
7.6 sq mi
ZIP Area
4,094
Density / Sq Mi
$57,833
Median Household Income
$39,641
Median Earnings
$1,030
Median Rent
$173,100
Median Home Value
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Market

Vacancy Rate% for Retail in Oklahoma City, OK

9.1% 2019
7.8% 2020
8.4% 2021
8.1% 2022
7.7% 2023
7.4% 2024
8% 2025

Similar Off Market Nearby

  • Shepherd Center — 2401 NW 23rd St, Oklahoma City, OK 73107
  • NW 23rd St and Villa Avenue Shepherd Mall Office Complex — oklahoma city, ok 73107
  • Southerland — 2401 NW 23rd St, Oklahoma City, OK 73107
  • Antiques And More — 3131 n may ave, oklahoma city, ok 73112
  • Brookside Plaza — 3604 N May Ave, Oklahoma City, OK 73112

Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood shopping center includes multiple existing retail units under one roof plus adjacent vacant land for development.
Where is this shopping center located?
The property is located at 3124 N May Avenue Oklahoma City, OK.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Neighborhood shopping center totaling 31,012 SF (mol) under one roof with multiple existing retail units and longtime tenants; Blacktop provides approx. 11,748 SF of parking for the Neighborhood Shopping Center; Adjacent east‑side vacant land includes approx. 1 to 1.2 acres for potential development of small apartment complex, duplex, or rental units
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