312 W 71St St, Tulsa, OK 74132
- Retail space
- 4,600 SF
- 1.33 lot acres
Current Use by Public Records
- Retail space
Property Details for 312 W 71St St
- Year built
- 2020
- Lot size
- 1.33 lot acres
- Zone code
- CG
- Property type
- Retail space
- APN
- 71513-82-12-09480
- APU
- 71513821209480
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 21, 2026 | $1,600,000 | M & S Chaar Properties LLC | Oktul 71st LLC | Warranty Deed | $1.3M · First Bank/owasso |
| Sep 10, 2020 | — | Oktul 71st LLC | — | Deed · related | $2.2M · Blue Sky Bk |
| — | — | Oktul 71st LLC | — | Loan Modification · related | $2.2M · Blue Sky Bk |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $740,000
- 6.5%
- $680,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $736,000
- AI Estimate
- $602,000
Market price range: $211k - $736kMarket price range: $158k - $603k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $500,000 Current use
- MEDICAL BUILDING
- $790,000 Change: +58% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $630,000 Change: +26% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $625,000 Change: +25% Conversion: Easy
- OFFICE BUILDING
- $545,000 Change: +9% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Tulsa
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.9927
- Latitude
- 36.0602
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA
