1400 NE 63rd St - Hospitality FOR SALE


Oklahoma City, OK 73111- Northeast Oklahoma City
$1,500,000 USD
405-606-5081
1400 NE 63rd St, Oklahoma City, OK for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

1400 NE 63rd St
Oklahoma City, OK 73111
Northeast Oklahoma City


HIGHLIGHTS

  • Excellent Visibility & Access: Located on Historic Route 66 with immediate access to I-40
  • Nearby: National Cowboy & Western Heritage Museum, Remington Park, OKC Zoo, Science Museum, Softball Hall of Fame & Complex, Cole’s Garden
  • Rapidly growing BID and I-35 Corridor
  • Adventure District - BUSINESS IMPROVEMENT DISTRICT
  • Located in an Opportunity Zone
  • ± 85 Parking Spaces

OVERVIEW

Parkhill Inn & Suites offers a rare opportunity to acquire a ±5.34-acre redevelopment site in Oklahoma City’s rapidly evolving Adventure District, a tourism anchored corridor supported by major cultural attractions, year-round visitation, and continued public and private investment. The property is located along historic Route 66 with immediate access to Interstate 40, providing exceptional regional connectivity and visibility. The site’s scale, zoning, and location make it well suited for a variety of redevelopment concepts including hospitality, multifamily, mixed-use, or destination-oriented commercial development. Existing improvements consist of a 50-room independent motel constructed in 1960. The improvements are considered functionally obsolete, and the offering is positioned and marketed for land value. Parkhill Inn & Suites is a large-scale land redevelopment opportunity in one of Oklahoma City’s most active tourism and entertainment corridors. The property offers ±5.34 acres, exceptional visibility along historic Route 66, immediate access to I-40, and is surrounded by major year-round demand drivers. The site is located within both an Opportunity Zone and the Adventure Business Improvement District (BID), and ownership has already completed key upfront due diligence, allowing developers to move quickly (asbestos, Phase I Site Assessment, demolition bids and timeline). *Reports upon request The existing motel improvements are functionally obsolete and the offering is priced and positioned for land value. - Large contiguous tract suitable for phased or higher-density development - C-3 zoning supports a wide range of commercial and mixed-use concepts - Ideal for: Hotel / hospitality redevelopment Multifamily Mixed-use Entertainment or destination-oriented commercial - Opportunity Zone structure may provide tax advantages for qualifying investors

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$125 USD /SF

# OF ROOMS

50

PRICE/ROOM

$30,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REDEVELOPMENT/BID/Opportunity Zone/Route 66

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.72 AC

LAND SF

249,163 SF

ZONING

C3

APN/PARCEL ID

149783375

ASK ABOUT THIS PROPERTY

Gina FoxhovenLivingstone PropertiesMore Info
405-606-5081

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Gina FoxhovenLivingstone PropertiesMore Info
405-606-5081

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.