1601 S May Ave - Freestanding FOR SALE


Oklahoma City, OK 73108- W South Oklahoma City
$450,000 USD
405-285-2835
1601 S May Ave, Oklahoma City, OK for Sale
$450,000 USD
Freestanding - FOR SALE
1/11
null | 6.31% Cap Rate

1601 S May Ave
Oklahoma City, OK 73108
W South Oklahoma City


HIGHLIGHTS

  • Prime corner location: S May Ave & SW 15th St - Approx. 19,212 SF corner lot
  • $2,500/month in-place tenant (through 3/31/2028) - Tenant pays maintenance & insurance - Landlord responsible for taxes only ($1,610.70 annually)
  • I-2 Heavy Industrial Zoning - Redevelopment potential
  • Minutes from I-44 and I-40 interchange - Strong traffic exposure
  • Ideal for automotive, service, industrial, or commercial users
  • Low-management investment structure

OVERVIEW

1601 S May Ave presents a rare opportunity to acquire a high-visibility corner property near the I-44 and I-40 corridors in Oklahoma City. Situated on approximately 19,212 square feet of I-2 zoned land, this site offers strong redevelopment potential while providing immediate in-place income. The property is currently leased at $2,500 per month through March 31, 2028. The tenant is responsible for maintenance and insurance, creating a low-management structure for ownership. County taxes are approximately $1,610.70 annually, resulting in an attractive net income profile. The corner location at S May Ave and SW 15th Street offers excellent access and visibility, making the site well-suited for long-term redevelopment into automotive, industrial, service, gas station, quick-service restaurant, or other commercial uses permitted under I-2 zoning. Investors benefit from stable income during the remaining lease term, while owner-users or developers gain flexibility for repositioning or redevelopment in the near future.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

6.31%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Fast Food, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,212 SF

ZONING

I-2

APN/PARCEL ID

088530145

ASK ABOUT THIS PROPERTY

Andi BytyqiFidelity Real Estate BrokersMore Info
405-285-2835

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Andi BytyqiFidelity Real Estate BrokersMore Info
405-285-2835

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