0 138Th St, Oklahoma City, OK 73170
This exceptional 76,278 square foot commercial land parcel presents a remarkable investment opportunity in Oklahoma City's thriving Palermo Place Phase II development. Located at the intersection of Western Avenue and SW 138th Street, in Cleveland County, zip code 73170, this C-2 zoned property offers unparalleled visibility and accessibility. The site boasts existing utilities, eliminating significant upfront infrastructure costs. Its strategic placement within a master-planned development ensures a cohesive and attractive environment, ideal for office or quick-service restaurant (QSR) establishments. Surrounded by strong residential neighborhoods, this location benefits from a high daytime population and excellent demographics, promising consistent customer traffic. The property's two pad sites, each with multiple curb cuts off Western Avenue, provide exceptional flexibility for development. Neighboring businesses contribute to a vibrant and successful commercial corridor. This is a rare chance to acquire a highly desirable, ready-to-develop site in a rapidly growing area, priced at $20 per square foot. The land's high traffic count and proximity to a substantial residential population make it an exceptional investment for long-term growth and profitability. Don't miss this opportunity to secure a prime location in a flourishing Oklahoma City community.
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
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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.