89th And Western Oklahoma City, OK 73139

Property Details for 89th And Western

Year built

1980

Lot size

17.00 lot acres

Property size

116,083 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents the Brookwood Shopping Center, a 116,083 square foot retail property situated on a 17-acre lot in Oklahoma City, OK. Located at the highly visible SE corner of SW 89th Street and Western Avenue, this single-story center boasts a prime location within a robust retail submarket. Built in 1980 and extensively renovated in 2011, Brookwood Shopping Center remains a community landmark. The property features eight out-parcels, offering additional investment potential through individual sales. The center benefits from excellent access to I-240 and I-35, attracting a strong local, regional, and national customer base. The property includes 796 parking spaces (6.63 spaces per 1,000 square feet), ample ADA parking, and recently resealed and restriped parking lots with LED lighting (2019). Three main pylons (renovated 2019 with LED lighting) and individual out-parcel pylons provide excellent signage opportunities. The in-line space features a modified bitumen roof (2018) with a transferable 15-year warranty, while some out-parcels have TPO roofing. The property has roof-mounted package HVAC units, 200-400 amp service with individually metered electricity, and a Notifier fire system (wet) monitored by Simplex. High traffic counts (27,124 VPD on Western Avenue and 19,246 VPD on SW 89th Street) further enhance the property's value. The property is zoned C-3 Community Commercial District and served by Oklahoma City water and sewer (water on master meter). This well-maintained and strategically positioned shopping center represents a compelling investment opportunity with significant upside potential. Asking price: $17,600,000.

Location Insight

City

Oklahoma City

County

Cleveland

State

Oklahoma

Longitude

-97.5302

Latitude

35.3769