323 A St Jenks, OK 74037-3716
This exceptional offering presents a unique investment opportunity in the heart of Jenks, Oklahoma. Encompassing a full block of eight contiguous lots, totaling 76,278 square feet (approximately 1.75 acres), this property provides a prime location for a multifamily development or luxury condominium project. Situated on both sides of a street, from Cedar to Birch, with alleyway access, the lots offer unparalleled convenience and accessibility. The property is zoned RS3, OM, and CH, ensuring a straightforward development process. This is a rare chance to acquire some of the last remaining original town of Jenks property suitable for a project of this scale. The location is highly desirable, within walking distance of a highly-regarded high school, an array of shopping, dining, and service establishments. Furthermore, its proximity to the Oklahoma Aquarium and a new outlet mall adds significant appeal. Just one block north of Jenks' Main Street, with its antique stores and other businesses, this property benefits from a vibrant and growing community. Jenks itself is one of Oklahoma's fastest-growing towns, a suburb of Tulsa located southwest of the city. All eight lots are being sold together, presenting a cohesive and substantial development opportunity for $950,000. This is a Class A property with eight potential units.
-
Stuff dreams are made of craft store Food Market Farmer's Market
(7) CH - Commercial High-Intensity Legacy District. The CH District is designed to accommodate high intensity commercial and related uses in areas previously designated as Commercial High Intensity. No property may be rezoned into the CH District after the date of the adoption of this UDO. (8) ROC - River Oriented Commercial Legacy District. The ROC District…
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
CH · Jenks, OK(7) CH - Commercial High-Intensity Legacy District. The CH District is designed to accommodate high intensity commercial and related uses in areas previously designated as Commercial High Intensity. No property may be rezoned into the CH District after the date of the adoption of this UDO. (8) ROC - River Oriented Commercial Legacy District. The ROC District shall be limited to the areas previously designated as River Oriented Commercial. The purpose of the District is to allow lodging, restaurants, and retail establishments designed to incorporate waterfront amenities and linkage to riverfront activities. Office uses may be considered accessory or compatible with River Oriented Commercial. Multiple-family residential uses may be utilized in the ROC as accessory or in conjunction with the commercial developments provided that they are designed at a second -floor height or greater. No property may be rezoned into the ROC Legacy District after the date of the adoption of this UDO. (E) Industrial Districts. (1) General Purposes. The Industrial Districts are designed to: (a) Achieve the industrial objectives of the Comprehensive Plan, (b) Meet the needs for industrial services and goods of the City of Jenks trade area. (c) Preserve and promote the development of efficient industrial areas and to minimize the adverse effects of industrial uses on other land uses and thoroughfares by: (I) Differentiating the types and purposes of industrial activities, (II) Establishing bulk and area controls, (III) Requiring off-street loading and parking facilities, (IV) Controlling the number, area, location, and types of signs, and (V) Protecting the character of industrial districts and their peculiar suitability for industrial uses. (2) IL - Industrial Light and Research and Development District. The IL District is designed to provide an environment conducive to the development and conservation of modern industrial and scientific Created: 2024-01-03 16:22:22 [EST] (Supp. No. 6) Page 7 of 213 research facilities and to provide areas suitable for manufacturing, wholesaling, warehousing, and other industrial activities which have no objectionable environmental influences. (3) IM - Industrial Moderate Legacy District. The IM Legacy District is designed to account for those properties that have been previously zoned as IM - Industrial Moderate. Properties zoned in the IM Legacy District will continue to operate under the base district specific standards established in t his UDO.
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.
