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    1201 Reno Ave Oklahoma City, OK 73106

    Sponsored
    For Lease
    $8 SF/Yr ($3,666 /Mo)

    Oklahoma City Retail Space Available

    Lot size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Prime 5,500 SF retail building located at 1201 W Reno Ave, Oklahoma City, OK 73106, offers a unique investment opportunity. This single-story, Class B building, constructed in 1962 and renovated in 2017, features three suites totaling 5,500 square feet, with 4,500 square feet currently vacant. Flexible space is available, ranging from 1,500 to 4,000 contiguous square feet, ideal for multiple tenants. The property boasts a desirable corner location at the Downtown OKC Klein Exit from OKC Boulevard, providing excellent visibility and accessibility. With 20 parking spaces, 15-foot ceilings, and a 55-foot building depth, this property offers ample space and convenience. The 0.34-acre lot is zoned I-2 with a DP overlay. Additional benefits include one curb cut, proximity to the Farmers Market (walking distance), and easy access to I-40 and Scissortail Park (3-minute drive). The building's masonry construction is durable and well-maintained. A letter of intent is currently in progress for a wine and spirits tenant, indicating strong market demand. This is an exceptional opportunity to secure a well-located retail space in a thriving Oklahoma City neighborhood.

    Property Features for 1201 Reno Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,500 SF
    Class
    B
    Total Rate
    3666.67

    Building Details

    Year Built/Renovated
    1962/2017
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    B
    Size
    2,000 SF
    Rate per SF
    $8
    Space
    C
    Size
    2,000 SF
    Rate per SF
    $8
    Property Profile Location Intelligence

    Current Use by Public Records

    Bad Axe Throwing ... Event Venue Ivy League Cannabis Cannabis Store Hilltop Gardens Dispensary Cannabis Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Nail Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.5328885
    Latitude
    35.4644475

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    FAQs

    What type of property is this?
    Retail property - Oklahoma City Retail Space Available
    Where is this retail property located?
    The property is located at 1201 Reno Ave Oklahoma City, OK.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    Request Owner's contact information
    1201 Reno Ave Oklahoma City, OK 73106
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    Oklahoma City, OK 73106
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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
    1201 Reno Ave Oklahoma City, OK 73106
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