2212 23Rd St Oklahoma City, OK 73107
- Lifestyle centers
- 16,775 SF
Current Use by Public Records
- Cricket Wireless Authorized Retailer / Cell Phone Store
- Yourtel America / Cell Phone Store
Property Details for 2212 23Rd St
- Property size
- 16,775 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 16,775 square foot shopping center, located at 2212 NW 23rd St, Oklahoma City, OK 73107, presents a compelling investment opportunity. Priced at $2,900,000, it boasts a strong 7.19% cap rate and a Net Operating Income (NOI) of $208,391. Currently 83.31% occupied with eight tenants, including established businesses like 23rd Liquor and Wing Stop, this multi-tenant property offers immediate cash flow and significant upside potential. The property underwent renovations in 2024 and features a price per square foot of $172.88. Its prime location on NW 23rd Street provides high visibility and easy access to major highways, maximizing exposure to substantial traffic counts. Below-market rents present a clear path to increased revenue through future lease adjustments. Seller financing is available. This property is an excellent addition to any portfolio seeking strong returns in a thriving Oklahoma City market. The property's current average rent is $15.03 per square foot. Further details regarding rent bumps are available in the offering memorandum.
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
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5504
- Latitude
- 35.4932
