Located in the heart of Oklahoma City’s Capitol Hill District, this unique commercial property offers a rare opportunity town a versatile and expansive site steeped in local history. Originally developed in the 1950s as an Oldsmobile Car Dealership, the property has since evolved into an automotive repair and service facility – ideal for an owner-operator, investor or redevelopment.
Property highlights:
Historic Showroom and office space (Built in 1950) 10,820 sq ft masonry building with iconic glass storefront ready for repairs and replacement. Includes a spacious showroom floor and 10 private offices with updated 3-phase electric and chiller system for climate control. The structure features two public restrooms, and an employee shower room. Roofing includes tar and metal components. The main service garage (Built 1953, Expanded) added 10,560 sq ft with five 12’ overhead doors; configuration includes one in/out bay and four drive-through bays and a paint booth. Additionally added to the structure is a mezzanine warehouse (Built 1980) 7,000 sq ft offers two staircases to reach the extra storage space that once housed a product elevator, which has been removed. A stand-alone service garage (Built 1968) 5400 sq ft structure ideal for overflow work, storage or separate tenant income possibility. Last, the property will convey a 3 bed, 1 bath 1306 sq ft home that provides $1200 a month of rental income.
Lot size and zoning: Property spans 1.47 acres covering Block 026, Lots 5 through 22 providing ample room for parking, storage or future expansion. Zoning along Walker frontage is I-1; the stand-alone garage to the east is zoned C-4.
This is a one-of-a kind opportunity to acquire a large, multi-use site with a strong commercial footprint and income potential in a revitalizing area of Oklahoma City. The property is located within the Quality Job Opportunity Zone granting particular tax breaks. Whether you are looking to expand an auto-based business, invest in commercial real estate, or develop for new uses – the possibilities are wide open.
A Realtor must accompany all buyers, please do not interrupt daily operations. Contact me today for your private showing or more information.