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    409 Covell Rd Edmond, OK 73034

    Sponsored
    For Sale
    $2,500,000

    Prime 4.69-acre development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.69-acre commercial land parcel presents a remarkable investment opportunity in Edmond, Oklahoma. Located at the highly visible corner of Covell Road and Broadway, this property boasts two potential development pads, ideally situated to capitalize on significant infrastructure improvements already underway and planned for the area. The City of Edmond has recently completed improvements to this intersection, and future plans include widening Covell Road to a four-lane divided roadway extending from I-35 to Portland. These enhancements will incorporate left-turn lanes at all intersecting side streets, as well as street lighting, multi-use/bike paths, and landscaping, further enhancing the property's visibility and accessibility. The strategic location at the Covell and Broadway intersection offers a distinct advantage, being one of only two intersections along Covell Road unaffected by north-south train traffic. Covell Road is rapidly evolving into Edmond's primary east-west thoroughfare, ensuring high traffic volume and exceptional exposure for any future development. The asking price for this exceptional property is $2,500,000. This presents a unique chance to acquire a prime commercial development site in a thriving Oklahoma City suburb poised for continued growth and increased property values. The property's address is 409 E Covell Rd, Edmond, OK 73034.

    Property Features for 409 Covell Rd

    General Information

    Property type
    Land
    Lot Size
    204,296 SF

    HighLights

    • 4.69‑acre commercial land parcel in Edmond, OK.
    • High‑visibility corner lot at Covell Road and Broadway.
    • Two potential development pads.
    • $2,500,000 asking price.
    • Prime location on Covell Road, Edmond's primary east‑west thoroughfare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Village Bazaar Association Or Organization J. S. Leonard ... Publisher

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Clothing Store Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.47526043805
    Latitude
    35.681857507604

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    FAQs

    What type of property is this?
    Land - Prime 4.69-acre development site.
    Where is this land located?
    The property is located at 409 Covell Rd Edmond, OK.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 4.69-acre commercial land parcel in Edmond, OK.; High-visibility corner lot at Covell Road and Broadway.; Two potential development pads.
    Request Owner's contact information
    409 Covell Rd Edmond, OK 73034
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    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
    409 Covell Rd Edmond, OK 73034
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