11121 69Th St Tulsa, OK 74133
Invest in eight commercial lots within the 27.92-acre Tulsa Commons subdivision, strategically located near the 300-room Renaissance Hotel. Lot sizes range from 0.83 to 5.5 acres, offering flexibility for various commercial developments. Six interior lots boast neighborhood street frontage, while one lot features significant frontage on Garnett Road (19,600 average daily vehicles), and another commands 886+ feet of frontage on heavily trafficked US Highway 169 (125,599 average daily vehicles). The property benefits from recent rezoning to CO-16, expanding permitted uses, and is situated within a City of Tulsa revitalization project encompassing new sidewalks, lighting, and landscaping. This prime location provides easy access to the entire Tulsa metro area via major highways, including US Highway 169, the Creek Turnpike, Broken Arrow Expressway, I-44, I-244, and US Highway 75. Proximity to 71st Street offers convenient access to restaurants, retail, hotels, and entertainment. The asking price ranges from $6 to $12 per square foot, with a total asking price of $5,930,000. The property owner plans to develop multi-family apartments on a separate 10.25-acre lot within the subdivision. This presents a unique opportunity to capitalize on Tulsa's thriving commercial market and benefit from the ongoing infrastructure improvements.
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
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Property description
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No recorded transactions found for this property.
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Risks
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