115th St &, Oklahoma City, OK 73120
This exceptional 45.41-acre commercial land parcel presents a remarkable investment opportunity in Oklahoma City, OK. Strategically located at the northeast and southeast corners of North Pennsylvania Avenue and NW 115th Street, this expansive site offers significant potential for diverse development projects. The property boasts convenient access to infrastructure, situated just one mile south of Chisholm Creek, with readily available water and sewer services directly adjacent to the site. This prime location makes it ideal for a variety of uses, including retail development, which is particularly well-suited to the area's characteristics. Furthermore, the eastern portion of the property presents a compelling opportunity for multi-family residential development. The land is offered at a base price of $151,949 per acre, totaling $6,900,000. The seller is open to considering the division of the property into smaller tracts, subject to their approval, allowing for greater flexibility and tailored development plans. The zoning and specific development possibilities should be verified independently. This is a rare chance to acquire a large, well-located tract of land in a thriving Oklahoma City market, poised for significant growth and return on investment. The property is zoned for commercial mixed-use development. Interested parties should conduct their own due diligence to confirm all aspects of the property and its suitability for their intended use. The zip code is 73120.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.