623 W Sheridan Ave Oklahoma City, OK 73102
For Sale
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This exceptional 8,243 square foot storefront property, located at 623-627 W. Sheridan in Oklahoma City's vibrant West Village District (zip code 73102), presents a unique owner-user investment opportunity. The building, originally constructed in 1930 and extensively renovated in 2019, boasts three historic storefronts ideally situated within a rapidly growing area. Currently vacant, this property offers significant potential for a variety of retail or office uses. Its prime location places it within walking distance of the CBD, municipal complexes, the Convention Center, and Scissortail Park, capitalizing on Oklahoma City's expanding visitor economy. The property benefits from updated plumbing and electrical systems (2019) and is designated as a Federal Opportunity Zone, providing potential tax advantages. Note that a 432 square foot basement is not included in the stated square footage. The property is zoned CBD and is surrounded by thriving residential and commercial developments, including the C21 Hotel, West Village Apartments, and the Jones Assembly. Asking price is $1,795,000
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.