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Retail Space Near Penn Square

5601 N Pennsylvania Ave, Oklahoma City, OK

For Lease
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Retail space adjacent to Penn Square Mall available for lease.

Space Size6,652 SF
Lot Size1.98 Acres
Days on Market567

Property Features for 5601 N Pennsylvania Ave

General Information

Standard status Active
Size 6,652 SF
Lot size 1.98 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 5601 N Pennsylvania Ave
5601 N Pennsylvania Ave $15/SF/Yr
Floor 1
Size 6,652 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Adjacent to Penn Square Mall, the highest-grossing mall in the state of Oklahoma - Less than 0.2 miles from the new development, The Oak - Local ownership - Close proximity to the well-established residential areas of Nichols Hills and Belle Isle - Centrally located in the most densely populated part of Oklahoma City - High traffic volumes
Contact us
Listing Agency: Creek Price Edwards and Company - Oklahoma City
Listed By: AJ Tolbert · License #179422
Source: Moodyscre
Added: Apr 22, 2025 Changed: Oct 26 Last Checked: Nov 8 at 8:39AM

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 Creek Price Edwards and Company - Oklahoma City

Rey
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Investment Insights

Based on property information with market context.

This retail space is located adjacent to Penn Square Mall, the highest-grossing mall in the state of Oklahoma. It is situated less than 0.2 miles from The Oak development. The property benefits from local ownership and is in close proximity to the residential areas of Nichols Hills and Belle Isle. Centrally located in the most densely populated part of Oklahoma City, the property experiences high traffic volumes. The property offers 1200 square feet of retail space and is available for lease.

Key Highlights

  • Adjacent to Penn Square Mall, the highest‑grossing mall in Oklahoma.
  • Centrally located in the most densely populated part of Oklahoma City.
  • High traffic volumes.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Salon de Barron Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Skin Care Clinic Big Box & Wholesale Store

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

NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,403
Businesses Nearby
378k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 68% Dining 21% Shops & Services 5% Home Improvements & Furnishings 2%
Dillard's Apparel
136,824 visits/mo 0.3 miles
Macy's Apparel
68,227 visits/mo 0.3 miles
JCPenney Apparel
44,849 visits/mo 0.4 miles
The Cheesecake Factory Dining
44,421 visits/mo 0.2 miles
Whiskey Cake Dining
28,239 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Oklahoma City, OK

$17.59 /SF/Yr
Avg Asking Price
$8–$45 /SF/Yr
Price Range
5,552 SF
Avg Space Size

This space is priced 15% below the average of $17.59 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Oklahoma City, OK

$16.17 Jul
$17.64 Aug
$18.73 Sep
$17.59 Oct

Properties on Market for Retail space in Oklahoma City

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - Retail space adjacent to Penn Square Mall available for lease.
Where is this retail space located?
The property is located at 5601 N Pennsylvania Ave Oklahoma City, OK.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Adjacent to Penn Square Mall, the highest‑grossing mall in Oklahoma.; Centrally located in the most densely populated part of Oklahoma City.; High traffic volumes.
(630) 843-1989 Call to check price and availability
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