Leased Strip Center with
708 SW 59th St Oklahoma City, OK 73109
For Sale
Contact for pricing
Income-producing strip center approved for medical marijuana growth, with 3 long-term tenants and recent interior upgrades.
Days on Market104
Property Features for 708 SW 59th St
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing Agency:
Ariston Realty LLC
(214) 263-7788
Listed By:
Yen Phi · License #OK 177396
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 5:34PM
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 Ariston Realty LLC
Investment Insights
Based on property information with market context.
This income-producing strip center is approved under Zone C-3 for medical marijuana growth and is 100% leased to long-term tenants. The property houses 3 tenants and totals over 10,000 square feet. Tenants are responsible for utilities and maintenance/repairs for their respective portions of the building. Lease terms range from 3 years to 10 years.
Recent improvements include more than 6,000 square feet receiving an interior upgrade by the new tenant, along with a new roof installed in 2019. Additional exterior work includes new gutters, signage, and exterior fascia in 2018.
The center is located near major roadways, surrounded by I-240, I-35, and I-44, with SW 59th identified as a high-traffic street. The current financial performance is described as a 7.85% cap rate, and additional financial information is available upon request.
Recent improvements include more than 6,000 square feet receiving an interior upgrade by the new tenant, along with a new roof installed in 2019. Additional exterior work includes new gutters, signage, and exterior fascia in 2018.
The center is located near major roadways, surrounded by I-240, I-35, and I-44, with SW 59th identified as a high-traffic street. The current financial performance is described as a 7.85% cap rate, and additional financial information is available upon request.
Key Highlights
- Zone C‑3; medical marijuana growth approved
- 100% leased with long‑term tenants; 3 tenants total
- 7.85% cap rate and shortest lease term of 3 years (up to 10 years)
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
FAQs
What type of property is this?
Strip mall - Income-producing strip center approved for medical marijuana growth, with 3 long-term tenants and recent interior upgrades.
Where is this strip mall located?
The property is located at 708 SW 59th St Oklahoma City, OK.
What are key features of this property?
This property features: Zone C‑3; medical marijuana growth approved; 100% leased with long‑term tenants; 3 tenants total; 7.85% cap rate and shortest lease term of 3 years (up to 10 years)
