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    Of Broadway And Covell Rd Edmond, OK 73034

    Sponsored
    For Sale
    $1,100,000

    4.17 Acres, High-Traffic Location, D-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.17-acre commercial land parcel presents a unique investment opportunity in Edmond, Oklahoma. Strategically located at the northwest corner of Broadway and Covell Road, this property benefits from its prime position at a recently completed and rapidly developing intersection. The City of Edmond has invested in significant infrastructure improvements, including the widening of Covell Road to a four-lane divided roadway with left-turn lanes, street lighting, multi-use paths, and landscaping, enhancing visibility and accessibility. This key intersection is notably unimpeded by north-south train traffic, making it a highly desirable location for businesses. Covell Road is quickly becoming Edmond's major east-west thoroughfare, ensuring high traffic volume and excellent exposure for any development. The property is zoned D-1: Restricted Commercial, offering flexibility for a variety of commercial uses. Its convenient location offers proximity to Edmond North High School, major retailers such as Pizza Hut, Phillips 66, and Sonic, as well as easy access to I-35, Lowe's, and the Golf Club of Edmond. Further enhancing its appeal, water and sewer services are readily available on-site. This is a rare opportunity to acquire a well-situated, high-visibility commercial lot in a thriving Edmond location. The asking price is $1,100,000.

    Property Features for 0 Of Broadway And Covell Rd

    General Information

    Property type
    Land
    Lot Size
    181,645 SF

    HighLights

    • 4.17‑acre commercial land parcel in Edmond, OK, at the highly visible NW corner of Broadway & Covell Road.
    • Excellent location near Edmond North High School, Pizza Hut, Phillips 66, and Sonic.
    • Close proximity to I‑35, Lowe's, and the Golf Club of Edmond.
    • Water and sewer utilities available on‑site.
    • Zoned D‑1: Restricted Commercial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Edmond
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4753581
    Latitude
    35.6817755

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    FAQs

    What type of property is this?
    Land - 4.17 Acres, High-Traffic Location, D-1 Zoning
    Where is this land located?
    The property is located at Of Broadway And Covell Rd Edmond, OK.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 4.17-acre commercial land parcel in Edmond, OK, at the highly visible NW corner of Broadway & Covell Road.; Excellent location near Edmond North High School, Pizza Hut, Phillips 66, and Sonic.; Close proximity to I-35, Lowe's, and the Golf Club of Edmond.
    Request Owner's contact information
    Of Broadway And 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
    Of Broadway And Covell Rd Edmond, OK 73034
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