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    116 Lewis Ave Tulsa, OK 74104

    For Sale
    $535,000

    0.48 Acres, Mixed-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.48-acre commercial land parcel presents a unique investment opportunity in the heart of Tulsa, Oklahoma. Located at 116 S. Lewis Ave. and 2313 E. 2nd St., this property boasts significant frontage on both S. Lewis Avenue (140 feet) and E. 2nd Street (150 feet), offering excellent visibility and accessibility. The total site encompasses 21,000 square feet. The property is comprised of two parcels, with APNs 45525930621090 and 45525930621080, currently owned by Turner Hudson Enterprises. Zoning is diverse, allowing for flexibility in development. 116 S. Lewis Ave. is zoned MX1-U-U, while 2313 E. 2nd St. is zoned CS. This dual zoning allows for a wide range of commercial and mixed-use possibilities, making it ideal for various ventures. The asking price for this strategically located property is $535,000. Its prime location in Tulsa County, Oklahoma, zip code 74104, offers easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a substantial commercial land parcel with significant development potential in a desirable Tulsa location. Don't miss out on this chance to secure a valuable asset in a rapidly growing market.

    Property Features for 116 Lewis Ave

    General Information

    Property type
    Land
    Lot Size
    20,909 SF

    HighLights

    • 21,000 SF site.
    • 140' of frontage on S. Lewis Ave.
    • 150' of frontage on E. 2nd St.
    • 116 S. Lewis Ave. is zoned MX1‑U‑U.
    • 2313 E. 2nd St. is zoned CS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.958163129485
    Latitude
    36.157629271119

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    FAQs

    What type of property is this?
    Land - 0.48 Acres, Mixed-Use Potential
    Where is this land located?
    The property is located at 116 Lewis Ave Tulsa, OK.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: 21,000 SF site.; 140' of frontage on S. Lewis Ave.; 150' of frontage on E. 2nd St.
    Request Owner's contact information
    116 Lewis Ave Tulsa, OK 74104
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    Tulsa, OK 74104
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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
    116 Lewis Ave Tulsa, OK 74104
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