Property Overview This prime 2.26-acre rectangular lot sits at the bustling intersection of E 12th St and S Memorial Dr in Tulsa's Mingo Valley neighborhood. Priced at $75,000, it's a rare urban find offering high-visibility commercial potential in a high-traffic corridor. It's ideal for office spaces, quick-service eateries, storage facilities, or mixed-use projects. The lot's size (approx. 98,445 sq ft) provides flexibility for multi-tenant developments, with easy access to I-44 (1-mile drive) and Tulsa International Airport (5-10 minutes away). Nearby amenities include Woodland Hills Mall, big-box retailers like Walmart and Target, and dining hubs, drawing 30,000+ daily vehicles on Memorial Dr. Site Features & Development Notes Layout & Topography: Clean, rectangular shape for straightforward site planning. A creek bisects the front third, separating it from the rear two-thirds. The front portion remains usable—perfect for enhanced landscaping, a decorative water feature, entry signage, or low-impact parking/green space. The creek adds aesthetic value without major flood risks (per Tulsa County flood maps; verify with engineer). Rear area is level for primary structures. Utilities: Municipal services (water, sewer, electricity, gas) available at or adjacent to the property line. Environmental/Access: No known wetlands or endangered species issues; creek may require minor riparian buffers under city regs. Frontage on both streets ensures dual access, signalized intersection nearby. Transaction Details & Contingencies This is a lender-controlled sale, requiring full approval from the seller's financial institution via a Purchase and Sale Agreement (PSA). Expect 30-60 days for review, during which the lender will assess the offer against outstanding debt, payoff terms, and property condition. Offer Guidelines: Cash preferred; all offers must include proof of funds/pre-approval. Seller reserves right to counter or accept backups. Due Diligence: Buyer to conduct surveys, Phase I environmental, and floodplain studies at own expense. Property sold "as-is". Access restricted—agent approval required for showings. Closing Process: Post-approval, quick 7 day close is preferred. Market Insights & Value Proposition Tulsa's commercial land market is heating up, with Mingo Valley seeing 5-7% YoY appreciation driven by airport proximity and population growth (Tulsa metro +1.2% annually). Comparable CL-zoned lots (1-3 acres) near Memorial Dr trade at $25K-$40K/acre; at $33K/acre, this offers strong upside for value-add investors. Development comps: Nearby sites yielded 15-20% ROI on retail builds post-COVID. Next Steps & Contact Submit offers via listing agent (Dakota Owen, SVN | Oak Realty Advisors; (832) 769-1128). For LOI template, reach out ASAP. This gem won't last in Tulsa's hot corridor.