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0 23Rd St Broken Arrow, OK 74012

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Property summary

AI-generated overview

This exceptional 8.5-acre commercial land parcel presents a rare opportunity in Broken Arrow, Oklahoma's thriving market. Located within the 218-acre master-planned Park at Adams Creek development, this property boasts unparalleled visibility and accessibility. Situated directly north of the Broken Arrow Expressway (Highway 51), it benefits from high daily traffic counts exceeding 59,700 vehicles. The site is strategically positioned between 177th E. Ave. (29,342 VPD) and 193rd E. Ave. (19,653 VPD), ensuring maximum exposure. This prime location offers immediate proximity to established national retailers, including Lowe's, Target, Dick's Sporting Goods, Cinemark, Marshalls, PetSmart, and Ross, creating a strong co-tenancy environment. The seller will consider dividing the property into two frontage pads and a larger rear lot to accommodate various development needs. Frontage properties are priced at $14 per square foot. This is an ideal opportunity for developers seeking to capitalize on Broken Arrow's robust growth and strong retail demand. The property is ready for immediate development, offering a unique chance to establish a successful commercial venture in a high-traffic, high-visibility location. Seize this opportunity to become part of Broken Arrow's dynamic commercial landscape. The property is located in Tulsa County, Oklahoma, zip code 74012, at the intersection of E Hillside Dr & N 23rd St. This is a high-growth area with over 100,000 residents (2017 data).

Property profile

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Property type Land

Cap rate & NOI

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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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