12512 NE 23Rd St Nicoma Park, OK 73020
For Sale
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This exceptional 3.95-acre commercial land parcel presents a remarkable investment opportunity in the thriving Nicoma Park area of Choctaw, Oklahoma. Located on NE 23rd Street (Highway 62), this property boasts 160 feet of frontage, offering excellent visibility and accessibility. The C-2 zoning allows for a wide range of commercial uses, including but not limited to storage facilities, office complexes, restaurants, hotels, and event centers. The property's partially wooded rear area provides a tranquil backdrop. The land encompasses 172,062 square feet. This rapidly developing area shows significant growth, with numerous new businesses, recent land transactions, and a new housing addition adding over 240 homes. The property's strategic location offers convenient access to the Kickapoo Turnpike (within 5 miles). All essential utilities are readily available, including OG&E, ONG, city water, city sewer, AT&T, and Cox Cable. This is a rare opportunity to acquire a substantial commercial property in a high-growth area with excellent infrastructure and diverse development potential. The asking price is $540,000.
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.