601-619 Hartford Ave Ponca City, OK 74601
- Lifestyle centers
- 14,000 SF
- 0.71 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 601-619 Hartford Ave
- Year built
- 1969
- Lot size
- 0.71 lot acres
- Property size
- 14,000 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 14,000 square foot shopping center in Ponca City, Oklahoma presents a compelling value-add investment opportunity. Located at the hard corner of Hartford and 6th Street, this single-story, 1969-built Class B property features eight units currently at 69.29% occupancy. The precast concrete structure boasts no interior load-bearing walls (excluding the central firewall), offering flexibility for future renovations or tenant improvements. Each of the eight units has its own gas and electric meters, and the landlord covers water expenses. The property sits on a 0.71-acre lot and is zoned C-1, allowing for a variety of retail and commercial uses. The asking price is $785,000, representing a price per square foot of $56.07 and a 7.00% cap rate. The property's strategic location near Alliance Health, churches, other retail establishments, and restaurants ensures high visibility and potential for increased occupancy. The seller will consider owner financing. This multi-tenant retail center offers a strong foundation for a savvy investor seeking to enhance value and generate substantial returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ponca City
- County
- Kay
- State
- Oklahoma
- Longitude
- -97.0771
- Latitude
- 36.7243
