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    1008 Pennsylvania Ave Oklahoma City, OK 73107

    Sponsored
    For Sale
    $395,000

    Oklahoma City storefront, ideal owner/user.

    Property size:
    4,372 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,372 square foot freestanding retail building is located at 1008 N Pennsylvania Ave in Oklahoma City, Oklahoma, within the 73107 zip code. Built in 1982, this single-story Class C building sits on a 0.29-acre lot and is zoned I-2, offering significant potential for a variety of retail uses. The asking price is $395,000, translating to a price per square foot of $90.35. The property's previous use was a retail optical shop. High traffic counts along N Penn Avenue, reaching 9194 vehicles annually according to ACOG 2022 data, ensure excellent visibility and accessibility for your business. This owner/user investment opportunity presents a compelling chance to establish a strong retail presence in a high-traffic area of Oklahoma City. The building offers a substantial footprint for a variety of retail concepts. Serious inquiries are encouraged to explore this prime commercial real estate offering. Further details regarding lease options are available upon request.

    Property Features for 1008 Pennsylvania Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,372 SF
    Class
    C
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1982
    Buildings
    1
    Stories
    1

    HighLights

    • High‑traffic former optical retail space.
    • Excellent visibility with 9,194 vehicles per day on Penn Avenue (ACOG 2022 data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.547379
    Latitude
    35.4780113

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    FAQs

    What type of property is this?
    Individual retail property - Oklahoma City storefront, ideal owner/user.
    Where is this individual retail property located?
    The property is located at 1008 Pennsylvania Ave Oklahoma City, OK.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: High-traffic former optical retail space.; Excellent visibility with 9,194 vehicles per day on Penn Avenue (ACOG 2022 data).;
    Request Owner's contact information
    1008 Pennsylvania Ave Oklahoma City, OK 73107
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    Oklahoma City, OK 73107
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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
    1008 Pennsylvania Ave Oklahoma City, OK 73107
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