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    of Coltrane and Covell Cor Edmond, OK 73034

    Sponsored
    For Sale
    $2,321,748

    Prime Edmond location, high visibility, E-2 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.33-acre commercial land parcel presents a remarkable investment opportunity in Edmond, Oklahoma. Strategically located at the southwest corner of Coltrane and Covell Roads, this property boasts excellent visibility and accessibility. The site is zoned E-2, designated "Open Display Commercial," providing a wide range of development possibilities. Utilities are readily available, with water and sewer already on-site, simplifying the development process. The asking price is $2,321,748. This prime location is just 1.5 miles west of I-35, ensuring convenient access to major transportation arteries. The area is experiencing significant growth, surrounded by both established and new residential developments, creating a strong foundation for future commercial success. The property's high visibility and strategic location make it ideal for a variety of commercial uses, offering significant potential for return on investment. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving Oklahoma City suburb. The 73034 zip code further underscores the desirability and potential of this exceptional property.

    Property Features for of Coltrane and Covell Cor

    General Information

    Property type
    Land
    Lot Size
    232,175 SF

    HighLights

    • High visibility corner lot at Coltrane and Covell.
    • All utilities available on‑site.
    • E‑2 zoning allows for open display commercial uses.
    • Conveniently located 1.5 miles west of I‑35.
    • Strong surrounding residential growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4427644
    Latitude
    35.6753402

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    FAQs

    What type of property is this?
    Land - Prime Edmond location, high visibility, E-2 zoning.
    Where is this land located?
    The property is located at of Coltrane and Covell Cor Edmond, OK.
    What is the asking price?
    The asking price for this property is $2,321,748.
    What are key features of this property?
    This property features: High visibility corner lot at Coltrane and Covell.; All utilities available on-site.; E-2 zoning allows for open display commercial uses.
    Request Owner's contact information
    of Coltrane and Covell Cor Edmond, OK 73034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    of Coltrane and Covell Cor Edmond, OK 73034
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