1324 Broadway Dr Oklahoma City, OK 73103
- Commercial real estate
- 17,780 SF
- 0.58 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1324 Broadway Dr
- Year built
- 1947
- Construction
- BRICK
- Lot size
- 0.58 lot acres
- Property size
- 17,780 SF
- Property type
- Commercial real estate
- APN
- 04-004-8640
- APU
- 40048640
Description
This exceptional investment opportunity presents a vacant, two-story Class B office building located at 1324 N Broadway Drive in Oklahoma City, OK. The property boasts 27,567 square feet of space, situated on a 25,610 square foot lot, and is priced at $2,400,000, or $87.06 per square foot. Built in 1947, the building offers a unique blend of historic charm and prime commercial real estate potential. The property features ample on-site parking, providing convenience for employees and visitors. Its impressive street presence and strategic location contribute to its significant appeal. The permitted zoning is DTD-1, offering flexibility for a variety of commercial uses. The building's solid construction and desirable location in Oklahoma City make it an attractive proposition for investors seeking a substantial return. This is a rare chance to acquire a significant property in a thriving Oklahoma City market. The property's vacant status allows for immediate customization and tenant improvements to suit a new owner's vision. The substantial lot size also presents opportunities for future expansion or development. This is a truly unique opportunity to acquire a piece of Oklahoma City's commercial history and shape its future. The APN is R040048640.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,715,000
- 6.5%
- $1,870,000
- 7%
- $1,975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,705,000
- Geo Method
- $1,595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,810,000
- Retail
- $1,880,000
- Mixed-Use
- $1,820,000
- Hospitality
- $1,885,000
- Educational
- $1,950,000
- Residential Income
- $1,880,000
- Energy
- $1,805,000
- Income-Based Land
- $1,755,000
- Food Service
- $1,705,000
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5132
- Latitude
- 35.482
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
