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    323 A St Jenks, OK 74037

    For Sale
    $950,000

    8-unit development opportunity in Jenks.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional offering presents a unique investment opportunity in the heart of Jenks, Oklahoma. Encompassing a full block of eight contiguous lots, totaling 76,278 square feet (approximately 1.75 acres), this property provides a prime location for a multifamily development or luxury condominium project. Situated on both sides of a street, from Cedar to Birch, with alleyway access, the lots offer unparalleled convenience and accessibility. The property is zoned RS3, OM, and CH, ensuring a straightforward development process. This is a rare chance to acquire some of the last remaining original town of Jenks property suitable for a project of this scale. The location is highly desirable, within walking distance of a highly-regarded high school, an array of shopping, dining, and service establishments. Furthermore, its proximity to the Oklahoma Aquarium and a new outlet mall adds significant appeal. Just one block north of Jenks' Main Street, with its antique stores and other businesses, this property benefits from a vibrant and growing community. Jenks itself is one of Oklahoma's fastest-growing towns, a suburb of Tulsa located southwest of the city. All eight lots are being sold together, presenting a cohesive and substantial development opportunity for $950,000. This is a Class A property with eight potential units.

    Property Features for 323 A St

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Units
    8

    HighLights

    • Exceptional investment opportunity: 1.75 acres (76,278 SF) in Jenks, OK.
    • Eight contiguous lots, zoned RS3, OM, & CH, ideal for multifamily or luxury condo development.
    • Prime Jenks location: walkable to high school, shopping, dining, Oklahoma Aquarium, and new outlet mall.
    • One block from Main Street, in a rapidly growing town, near Tulsa.
    • Offered at $950,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stuff dreams are ... Market

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jenks
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.9729886
    Latitude
    36.02363696

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    FAQs

    What type of property is this?
    Multifamily property - 8-unit development opportunity in Jenks.
    Where is this multifamily property located?
    The property is located at 323 A St Jenks, OK.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 1.75 acres (76,278 SF) in Jenks, OK.; Eight contiguous lots, zoned RS3, OM, & CH, ideal for multifamily or luxury condo development.; Prime Jenks location: walkable to high school, shopping, dining, Oklahoma Aquarium, and new outlet mall.
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    Jenks, OK 74037
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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
    323 A St Jenks, OK 74037
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