Current Use by Public Records
- Warehouses
Property Details for I-35 St To High Ave
- Year built
- 1953
- Lot size
- 18.00 lot acres
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional Oklahoma City industrial portfolio presents a compelling investment opportunity. Comprising 21 income-producing buildings totaling 167,225 square feet, this multi-tenant property boasts an 81% occupancy rate and offers significant development potential on approximately 18 to 42.75 acres. Strategically located at the intersection of I-35 and 29th Street extending to High Avenue, the property benefits from approximately 860 feet of I-35 frontage, ensuring high visibility and accessibility. The portfolio includes a mix of building ages, ranging from 1953 to 2019, reflecting diverse building styles and functionalities. The property features 8 loading docks and is zoned I-2. The net rentable area is 32,667 square feet, with an asking price of $10,500,000 ($62.79 per square foot). Its location within a Federal Opportunity Zone provides attractive tax advantages. The property's proximity to Tinker Air Force Base (7.6 miles), a rail system (approximately 4,200 feet), and ongoing nearby development projects, including a new elementary school, Okana Resort and Indoor Waterpark, and an OnCue service station, further enhances its value and future prospects. Annual property taxes are $26,574.98. This portfolio offers a blend of immediate income generation and long-term growth potential, making it an attractive investment for discerning buyers.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4947
- Latitude
- 35.4354
