312 71st St Tulsa, OK 74132-2009
This exceptional freestanding retail building, located at 312 West 71st Street South in Tulsa, Oklahoma, presents a unique investment opportunity. Built in 2020, the 4,912 square foot property sits on a 1.3-acre lot and boasts a prime corner location at a highly visible, well-lit intersection on 71st Street between Riverside Drive and Highway 75. The property benefits from excellent visibility and high traffic counts, making it ideal for a variety of retail uses. Currently vacant, the building is zoned CG and includes a like-new restaurant equipment package. The ample 86+ surface parking spaces cater to customer convenience. Additional features include a drive-thru and a pylon sign, enhancing visibility and accessibility. The property's location in South Tulsa places it within a thriving commercial area, offering significant potential for growth and return on investment. This is a rare opportunity to acquire a well-maintained, strategically located retail space with significant upside potential. The property's size, amenities, and location combine to create a compelling investment prospect in a desirable Tulsa market. The included like-new restaurant equipment provides a significant advantage for a quick start-up or conversion. The 74132 zip code further underscores the property's prime location.
CG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, commercial and industrial zoning districts are intended to accommodate and promote neighborhood, community- and region-serving commercial uses, as well as industrial an…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Tulsa, OKCG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, commercial and industrial zoning districts are intended to accommodate and promote neighborhood, community- and region-serving commercial uses, as well as industrial and employment uses. 2. OL district. The OL district is primarily intended to facilitate the development and preservation of low-intensity office development. 3. OM district. The OM district is primarily intended to accommodate medium-intensity office development, together with community facilities typically found in conjunction with offices. 4. OMH district. The OMH district is primarily intended to provide for multi-story office development. 5. OH district. The OH district is primarily intended to provide areas for high-intensity office use, together with community facilities, and commercial uses typically found in conjunction with high-intensity office uses. 6. CS district. The CS district is primarily intended to accommodate convenience, neighborhood, subcommunity, community, and regional shopping centers providing a range of retail and personal service uses. 7. CG district. The CG district is primarily intended to: a. Accommodate established commercial uses, while providing protection to adjacent residential area; and b. Accommodate the grouping of compatible commercial and light industrial uses. 8. CH district. The CH district is primarily intended to: a. Accommodate high-intensity commercial and related uses primarily in the core area of the city; and b. Encourage use of properties and existing buildings along older commercial corridors; and c. Minimize encroachment and adverse land use impacts on stable residential neighborhoods. 9. CBD district. The CBD district is primarily intended to: a. Accommodate and encourage the most desirable, most productive, most intense use of land, without regard to the regulation of building height, floor area, land coverage and parking requirements, within the central core area of the city. b. Encourage a diversity of high-intensity uses that mutually benefit from close proximity to, and from the available services of, the high transportation carrying capacity afforded by locations within the boundaries of the Inner Dispersal Loop. c. Preserve and promote the public and private investment of the existing central core area. 10. IL district.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
