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    312 71St St Tulsa, OK 74132

    For Sale
    $2,299,000

    Vacant Restaurant, 4,912 SF, $2.299M

    Property size:
    4,912 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional freestanding retail building, located at 312 West 71st Street South in Tulsa, Oklahoma, presents a unique investment opportunity. Built in 2020, the 4,912 square foot property sits on a 1.3-acre lot and boasts a prime corner location at a highly visible, well-lit intersection on 71st Street between Riverside Drive and Highway 75. The property benefits from excellent visibility and high traffic counts, making it ideal for a variety of retail uses. Currently vacant, the building is zoned CG and includes a like-new restaurant equipment package. The ample 86+ surface parking spaces cater to customer convenience. Additional features include a drive-thru and a pylon sign, enhancing visibility and accessibility. The property's location in South Tulsa places it within a thriving commercial area, offering significant potential for growth and return on investment. This is a rare opportunity to acquire a well-maintained, strategically located retail space with significant upside potential. The property's size, amenities, and location combine to create a compelling investment prospect in a desirable Tulsa market. The included like-new restaurant equipment provides a significant advantage for a quick start-up or conversion. The 74132 zip code further underscores the property's prime location.

    Property Features for 312 71St St

    General Information

    Property type
    Retail properties
    Square Feet
    4,912 SF
    Lot Size
    56,628 SF

    HighLights

    • High‑visibility corner lot at the well‑lit intersection of 71st Street, Riverside Drive, and Hwy 75.
    • Exceptional street visibility.
    • Property boasts high traffic volume.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9926543
    Latitude
    36.0606426

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    FAQs

    What type of property is this?
    Retail property - Vacant Restaurant, 4,912 SF, $2.299M
    Where is this retail property located?
    The property is located at 312 71St St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $2,299,000.
    What are key features of this property?
    This property features: High-visibility corner lot at the well-lit intersection of 71st Street, Riverside Drive, and Hwy 75.; Exceptional street visibility.; Property boasts high traffic volume.
    (918) 853-7337
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    312 71St St Tulsa, OK 74132
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    Tulsa, OK 74132
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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
    312 71St St Tulsa, OK 74132
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