1940 N May Ave - Retail FOR SALE


Oklahoma City, OK 73107- Crestwood
$675,000 USD
405-788-1708
1940 N May Ave, Oklahoma City, OK for Sale
$675,000 USD
Retail - FOR SALE
1/41
null | Request Cap Rate

1940 N May Ave
Oklahoma City, OK 73107
Crestwood


HIGHLIGHTS

  • Direct Frontage & Visibility on N May Ave
  • Investment Opportunity with Two Long-Term Tenants
  • Owner-User Facility
  • Existing commercial/light-industrial use history
  • Central Oklahoma City location with Convenient access to I-44 and downtown Oklahoma City
  • C-3 Heavy Commercial Zoning

OVERVIEW

Offered at $675,000, 1940 N May Ave presents a versatile owner-user and investment opportunity along a prominent central Oklahoma City corridor. The approximately 3,248 SF freestanding building is currently configured with two tenant-occupied spaces and a separate owner-user space, providing a potential buyer with the ability to occupy a portion of the property while benefiting from existing rental income. The property occupies approximately 0.19 acres with direct frontage and visibility on N May Avenue, just south of NW 23rd Street. Its C-3 zoning provides valuable flexibility for a wide range of commercial uses, subject to verification of the buyer’s intended use. With its in-place tenants, flexible configuration and convenient access to I-44, downtown and surrounding neighborhoods, the property is well-positioned for an owner-user seeking to offset occupancy costs or an investor looking for a manageable multi-tenant commercial asset.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3,248 SF Commercial Building on N May Ave

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,120 SF

ZONING

C-3

APN/PARCEL ID

068221000

ASK ABOUT THIS PROPERTY

Brent HollidayKW CommercialMore Info
405-788-1708

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Brent HollidayKW CommercialMore Info
405-788-1708

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