508 A St Jenks, OK 74037-4121
This exceptional mixed-use property, located at 508 E A Street Unit 508 in Jenks, Oklahoma, presents a unique investment opportunity. Boasting 2,449 square feet on a 0.24-acre lot, this property is zoned OM and features a desirable vaulted, open-concept layout ideal for a variety of businesses. The high-visibility "A Street" location benefits from the ongoing revitalization of the Jenks community, which includes the addition of new restaurants, entertainment venues, apartments, office buildings, and the Premium Outlet Mall. The property includes approximately twelve parking spaces, offering ample convenience for clients and employees. This property's strategic location within Jenks, known for its highly-rated public schools and strong community spirit, ensures a stable and desirable market. The "as is" sale condition allows for flexibility in future development and customization. Furthermore, there's the potential to acquire contiguous properties at 514-518 A Street, providing additional rental income and substantial asphalted parking. This presents a compelling opportunity to expand the property's functionality and profitability. The asking price for this prime Jenks location is $799,000.
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Alien Games Electronics & Wireless Store (Bike/Boat/Book/etc) Store
(3) OM - Office Medium Intensity District. The OM District is designed to provide and preserve areas for business parks or corporate campuses in a master planned setting. (D) Commercial Districts. (1) General Purposes. The Commercial Districts are designed to: (a) Achieve the commercial objectives of the Comprehensive Plan, (b) Meet the needs for the commerc…
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
OM · Jenks, OK(3) OM - Office Medium Intensity District. The OM District is designed to provide and preserve areas for business parks or corporate campuses in a master planned setting. (D) Commercial Districts. (1) General Purposes. The Commercial Districts are designed to: (a) Achieve the commercial objectives of the Comprehensive Plan, (b) Meet the needs for the commercial services and goods of the trade area, (c) Preserve and promote the development of efficient commercial facilities and encourage a compatible relationship between commercial facilities and other land uses and thoroughfares by: (I) Differentiating the types and purposes of commercial 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 commercial districts and their suitability for commercial uses. (2) LC - Local Commercial District. The LC District is designed to provide and preserve areas at key high- traffic intersections in close proximity to residential neighborhoods to accommodate smaller -scale City serving retail and service uses that serve the daily shopping needs of nearby res idents in a primarily pedestrian-oriented environment. Created: 2024-01-03 16:22:22 [EST] (Supp. No. 6) Page 6 of 213 (3) CS - Commercial Shopping Center District. The CS District is designed to provide and preserve areas along highly visible and accessible road corridors to accommodate larger -scale City serving retail and service uses that serve the daily shopping needs of Jenks residents in a primarily auto -oriented environment. (4) CG - Commercial General District. The CG District is designed to provide and preserve areas for destination retailers that serve a regional function. Development in this district should be configured with groupings of large lot and outlot commercial buildings around shared parking areas. (5) DC - Downtown Core District. The DC District is designed to accommodate downtown Jenks including a wide variety of commercial, office, entertainment, institutional, and multifamily uses in primarily mixed-use developments with residential uses above the ground floor in a pedestrian -oriented environment. The DC District encompasses and implements the Downtown Core subarea as specified in the Jenks Comprehensive Plan with the exception of blocks 12, 13, 24, and 25 of Original Town Jenks. (6) RTC - Riverfront Tourist Commercial 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.
