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0 Of Broadway And Covell Rd Edmond, OK 73034

OFF-MARKET Land Google Maps
4.17 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 4.17-acre commercial land parcel presents a unique investment opportunity in Edmond, Oklahoma. Strategically located at the northwest corner of Broadway and Covell Road, this property benefits from its prime position at a recently completed and rapidly developing intersection. The City of Edmond has invested in significant infrastructure improvements, including the widening of Covell Road to a four-lane divided roadway with left-turn lanes, street lighting, multi-use paths, and landscaping, enhancing visibility and accessibility. This key intersection is notably unimpeded by north-south train traffic, making it a highly desirable location for businesses. Covell Road is quickly becoming Edmond's major east-west thoroughfare, ensuring high traffic volume and excellent exposure for any development. The property is zoned D-1: Restricted Commercial, offering flexibility for a variety of commercial uses. Its convenient location offers proximity to Edmond North High School, major retailers such as Pizza Hut, Phillips 66, and Sonic, as well as easy access to I-35, Lowe's, and the Golf Club of Edmond. Further enhancing its appeal, water and sewer services are readily available on-site. This is a rare opportunity to acquire a well-situated, high-visibility commercial lot in a thriving Edmond location. The asking price is $1,100,000.

Property profile

Verified
Property type Land
Lot 4.17 ac (181,645 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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