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    623 Sheridan Ave Oklahoma City, OK 73102

    Sponsored
    For Sale
    $1,795,000

    Historic Retail Building, Prime OKC Location

    Property size:
    8,243 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,243 square foot storefront property, located at 623-627 W. Sheridan in Oklahoma City's vibrant West Village District (zip code 73102), presents a unique owner-user investment opportunity. The building, originally constructed in 1930 and extensively renovated in 2019, boasts three historic storefronts ideally situated within a rapidly growing area. Currently vacant, this property offers significant potential for a variety of retail or office uses. Its prime location places it within walking distance of the CBD, municipal complexes, the Convention Center, and Scissortail Park, capitalizing on Oklahoma City's expanding visitor economy. The property benefits from updated plumbing and electrical systems (2019) and is designated as a Federal Opportunity Zone, providing potential tax advantages. Note that a 432 square foot basement is not included in the stated square footage. The property is zoned CBD and is surrounded by thriving residential and commercial developments, including the C21 Hotel, West Village Apartments, and the Jones Assembly. Asking price is $1,795,000

    Property Features for 623 Sheridan Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,243 SF

    Building Details

    Year Built/Renovated
    1930/2019

    HighLights

    • Three historic storefronts.
    • Prime West Village location, benefiting from Oklahoma City's expanding tourism.
    • Walkable to the CBD, government buildings, the Convention Center, and Scissortail Park.
    • 432 sq ft basement excluded from total square footage.
    • Plumbing and electrical systems updated in 2019.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5237697
    Latitude
    35.4666292

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    FAQs

    What type of property is this?
    Individual retail property - Historic Retail Building, Prime OKC Location
    Where is this individual retail property located?
    The property is located at 623 Sheridan Ave Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: Three historic storefronts.; Prime West Village location, benefiting from Oklahoma City's expanding tourism.; Walkable to the CBD, government buildings, the Convention Center, and Scissortail Park.
    Request Owner's contact information
    623 Sheridan Ave Oklahoma City, OK 73102
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    Oklahoma City, OK 73102
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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
    623 Sheridan Ave Oklahoma City, OK 73102
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