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    525 Elgin Ave Tulsa, OK 74120

    For Sale
    $6,000,000

    Prime Tulsa CBD land, 90,000 SF.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 90,000 square foot commercial land parcel presents a rare development opportunity in the heart of Tulsa's Central Business District (CBD). Located at 525 S Elgin Ave, Tulsa, OK 74120, this property boasts a highly visible and accessible location, making it ideal for a variety of uses. The site is zoned for CBD development, offering significant flexibility for potential projects. All utilities are readily available, and the property benefits from a clean environmental record, simplifying the development process. With its substantial size and prime location, this land is perfectly suited for ambitious projects such as multi-family residential buildings, mixed-use developments, or even sports and entertainment venues. The asking price is $6,000,000, translating to a land value of $66.67 per square foot. This represents a compelling investment opportunity in a thriving urban core. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property is situated in Tulsa County, Oklahoma.

    Property Features for 525 Elgin Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store 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
    -95.98507883616
    Latitude
    36.152674950684

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    FAQs

    What type of property is this?
    Land - Prime Tulsa CBD land, 90,000 SF.
    Where is this land located?
    The property is located at 525 Elgin Ave Tulsa, OK.
    What is the asking price?
    The asking price for this property is $6,000,000.
    Request Owner's contact information
    525 Elgin Ave Tulsa, OK 74120
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    Tulsa, OK 74120
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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
    525 Elgin Ave Tulsa, OK 74120
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