Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7Th St Oklahoma City, OK 73102

    For Sale
    $4,600,000

    Prime OKC Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.76-acre commercial land parcel presents a remarkable investment opportunity in Oklahoma City's vibrant downtown core. Strategically located at the southwest corner of S. Shields Blvd. and SW 7th Street, the property enjoys unparalleled proximity to the new Omni Convention Center and Hotel (a $288 million development featuring 605 rooms and 200,000 square feet of meeting space), slated for completion in 2021. The site's advantageous position also places it within walking distance of Scissortail Park and adjacent to a large-scale retail development, ensuring high visibility and accessibility. The land's zoning is ideal for multi-family or hospitality development, capitalizing on the significant influx of visitors and residents drawn to the area's burgeoning amenities. With a land value of $60 per square foot, this property offers a compelling return on investment, given its prime location and development potential. The asking price is $4,600,000. The property's proximity to the Chesapeake Arena further enhances its desirability and potential for significant future growth. This is a rare chance to acquire a highly sought-after development site in a rapidly expanding urban center. The address is 73102, Oklahoma City, Oklahoma County, Oklahoma.

    Property Features for 0 7Th St

    General Information

    Property type
    Land
    Lot Size
    76,666 SF

    HighLights

    • $288 million Omni Hotel & Convention Center, 605 rooms, 200,000 sf of meeting space.
    • Proximity to Chesapeake Arena.
    • Excellent site for multifamily or hospitality development.
    • Walkable to Scissortail Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.5136056
    Latitude
    35.4491506

    Nearby Similar for Sale

    • $800,000
      26,274 SF

      Spacious Church Building in Oklahoma City

      26,274 SF church on 1.57 acres in Oklahoma City.
      3415 S Western Ave, Oklahoma City, OK 73109
      View Details
    • $225,000
      1,955 SF

      Updated Duplex in Oklahoma City

      Two units, updated main house, additional rental income stream.
      3836 NW Liberty St, Oklahoma City, OK 73107
      View Details
    • $290,000
      Pending

      Four-Unit Multiplex Investment Opportunity

      Four-unit multiplex in Midwest City near Tinker Air Force Base.
      819 N Ky Blvd, Oklahoma City, OK 73110
      View Details
    • $295,000
      1,950 SF

      Historic Duplex Near Paseo Arts

      Charming duplex near Paseo Arts District, offering immediate cash flow.
      926 W Hill St, Oklahoma City, OK 73118
      View Details
    • Contact for pricing
      3,024 SF

      Oklahoma City Office For Sale

      Professional office spaces available in The Village neighborhood.
      2812 W Hefner Rd, Oklahoma City, OK 73120
      View Details
    • $999,900
      Pending

      Renovated Multifamily Investment Property

      Turnkey 14-unit multifamily property in prime Oklahoma City location.
      225 NW 24Th St, Oklahoma City, OK 73103
      View Details

    FAQs

    What type of property is this?
    Land - Prime OKC Development Site
    Where is this land located?
    The property is located at 7Th St Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: $288 million Omni Hotel & Convention Center, 605 rooms, 200,000 sf of meeting space.; Proximity to Chesapeake Arena.; Excellent site for multifamily or hospitality development.
    Request Owner's contact information
    7Th St Oklahoma City, OK 73102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7Th St
    Oklahoma City, OK 73102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    7Th St Oklahoma City, OK 73102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.