706 California Ave Oklahoma City, OK 73102
- Flex space
- 10,075 SF
- 0.31 lot acres
Current Use by Public Records
- Rio Press / Publisher
Property Details for 706 California Ave
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.31 lot acres
- Property size
- 10,075 SF
- Property type
- Flex space
- APN
- 01-368-4410
- APU
- 13684410
Description
This exceptional 6,600-square-foot retail space, situated in Oklahoma City's thriving Central Business District, presents a remarkable opportunity for discerning businesses. Built in 2024, the property boasts a newly remodeled interior and a prominent 43-foot storefront, ensuring high visibility and attracting significant foot traffic. The single-tenant building sits on a 0.32-acre lot and includes a convenient mezzanine level, adding valuable extra space. Fifteen dedicated parking spaces are available for customers and employees, a significant advantage in a bustling urban environment. The property features a rear overhead door, facilitating efficient loading and unloading. Its strategic location places it just five blocks from the Paycom Arena and three blocks from Scissortail Park, providing unparalleled access to entertainment venues and green spaces. Surrounded by a vibrant mix of retail establishments, bars, and restaurants, this property benefits from a high concentration of potential customers. Located between Sheridan and Reno Avenues, in Oklahoma County, zip code 73102, this space is zoned CTC-2, making it ideal for a variety of retail uses. This is a rare opportunity to secure a prime retail location in one of Oklahoma City's most dynamic and rapidly growing areas.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $300,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $310,000
- Mixed-Use
- $365,000
- Hospitality
- $345,000
- Educational
- $355,000
- Residential Income
- $370,000
- Energy
- $360,000
- Income-Based Land
- $280,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Oklahoma City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5245
- Latitude
- 35.465
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
