3801 NW 63Rd St, Unit Bldg 2 & 3 Oklahoma City, OK 73116

This multi-tenant commercial building is situated on a 32,016 square foot lot and zoned C-3. The property is located along the highly trafficked NW 63rd Street corridor and benefits from strong visibility. The building, which is approximately 70% leased, features flexible suite configurations and immediate upside potential. It contains 25 configurable suites. The building generates $97,871 in gross annual income and approximately $49,885 net operating income. Stabilized proforma would generate closer to $98,000. Leases are modified gross with one to three year terms, and most include 3% annual increases. Approximately 4,854 square feet is available, creating immediate lease-up opportunity. Current asking lease rates of $10 per square foot are below market. Approximately 1,919 square feet is available on the first floor, 1,404 square feet of which is functioning as a Hair Salon. An additional 2,935 square foot space is available upstairs, currently separated in 5 units. Any of the spaces can be connected or separated to fit your needs. Recent capital improvements include a new 20-year warranty roof installed in 2019, three of eight five-ton HVAC units replaced within the past six years, and a full LED lighting retrofit converting all T8 fluorescent fixtures to energy-efficient LED tubes. The property benefits from approximately 49,400 vehicles per day, strong accessibility, and long-term repositioning potential. Located within a quarter mile of major intersections and surrounded by national and regional retailers, the 14,976 square foot property is ideal for both investors and owner-occupants.