18681 59Th St Oklahoma City, OK 74857
This exceptional 23.48-acre parcel, located at 18681 SE 59th St, Oklahoma City, OK 74857, presents a remarkable opportunity for residential development. Zoned A/R (Agricultural/Residential), this property is ideally situated just off the Kickapoo Turnpike, offering convenient access to city amenities while maintaining a tranquil, rural atmosphere. Currently permitting single-family homes on lots up to 5 acres, with potential for rezoning to allow for smaller lots. The land boasts existing on-site electricity, simplifying development plans. Future connections to septic sewer and well water are feasible. The location is highly desirable, situated near established residential communities and within close proximity to essential services such as Braum's, Harps Food Store, Sonic, Dollar Tree, and The Wes Watkins Campgrounds. Furthermore, its proximity to Tinker Air Force Base (15 miles) and Downtown Oklahoma City (22 miles) enhances its appeal and investment potential. This property is perfect for developers seeking to create a thriving community catering to those seeking a blend of city convenience and suburban tranquility. The APN is 16-867-2910. The asking price is $330,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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