0 138Th St, Oklahoma City, OK 73170
Palermo Place Phase II offers exceptional retail opportunities in a thriving Cleveland County location. This brand-new, 17,500 square foot retail strip, completed in 2023, is currently pre-leasing. The development features two available suites, each offering 1,750 square feet of flexible space, perfect for a variety of businesses. With multiple curb cuts off Western Avenue, this property boasts high visibility and accessibility. The C-2 zoning allows for diverse commercial uses, including office and quick-service restaurant options. Situated within a master-planned community, Palermo Place Phase II benefits from a strong residential base, ensuring a high daytime population and consistent customer traffic. The property's strategic location and modern design make it an ideal investment for businesses seeking a high-growth area. The development's groundbreaking occurred in Fall 2023, and the available spaces are ready for immediate occupancy. Don't miss this chance to establish your business in this vibrant and rapidly expanding retail center. The minimum leasable space is 1,750 square feet, with a maximum contiguous space of 1,750 square feet. A total of 3,500 square feet is currently vacant.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.