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Property profile & analytics
OFF-MARKET
Land

16900 23Rd St Choctaw, OK 73020

5.1 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.1-acre commercial land parcel is strategically located in Choctaw, Oklahoma, at 16900 NE 23rd Street, offering unparalleled potential for development. Zoned for general commercial use, this property boasts high visibility and convenient access, situated near the intersection of NE 23rd Street (Highway 62) and Triple X Road. Its proximity to the Kickapoo Turnpike ensures excellent connectivity and accessibility for businesses and customers. The lot is adjacent to a Tractor Supply Company, benefiting from established commercial presence and high traffic volume in the Choctaw/Harrah trade area. A significant advantage is the new 60-unit housing development directly south, creating a growing residential base for potential commercial ventures. The property's 5.1 acres provide ample space for a variety of commercial uses, including retail, industrial, or other suitable developments. The seller is open to dividing the parcel to accommodate smaller developments or multiple tenants, offering flexibility for various investment strategies. This prime location, combined with its size and accessibility, makes this property an exceptional opportunity for investors seeking high-growth potential in a thriving Oklahoma market. The asking price is $775,000, with a land value of $126,117 per acre. The property's zip code is 73020, and it is located in Oklahoma County.

Property profile
Verified
Property type Land
Lot 5.1 ac (222,156 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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