Pryor Land Development Site
20.65 AC | Development Site | Near MidAmerica Industrial Park
Marketing description
Colliers is pleased to present the Pryor Development Site—an exceptional investment opportunity in a high-growth market. With limited new multifamily deliveries in 2023-2024, this site allows new ownership to capitalize on strong demand driven by Google, DuPont, and Enel at MidAmerica Industrial Park.
Positioned along Highway 69, it offers high visibility and in-place multifamily and commercial zoning, enabling faster development and lease-up. Located near Tulsa and Northwest Arkansas, Pryor is home to Fortune 50 companies and a top-tier school district, making it ideal for a highly visible, mixed-use investment with strong long-term returns.
Investment highlights
Limited New Construction Deliveries
The Pryor Development Site presents an exceptional investment opportunity for new ownership to capitalize on the area’s limited new apartment deliveries. With strong job growth fueled by major employers like Google, DuPont, and Enel at the MidAmerica Industrial Park, demand for quality housing is rising. Despite this, new multifamily developments have remained scarce, creating pent-up demand for modern rental units.
With low vacancy rates and increasing rental demand, this site offers the perfect opportunity to develop a new construction apartment community in one of Oklahoma’s fastest-growing industrial hubs.
Strategic Location with In-Place Zoning & High Visibility
The Pryor Development Site offers in-place multifamily and commercial zoning, allowing for a seamless development process. Positioned along Highway 69, the property benefits from high street visibility and strong traffic counts, enhancing its appeal for both residential and commercial uses.
The multifamily zoning supports much-needed apartment development in a supply-constrained market, while the commercial portion is ideal for mini-storage, catering to the growing demand from local businesses and residents. With strong market fundamentals and flexible zoning, this site is perfectly positioned for a highly visible, mixed-use investment opportunity in Pryor, Oklahoma.
Economic Development and Top Tier School System
Located in northeast Oklahoma, the property enjoys easy access to several thriving metropolitan areas. With less than an hour’s drive from Tulsa and Fayetteville, Arkansas, residents can tap into the economic opportunities’ availability in these bustling cities. In addition to the property’s strategic regional location the Pryor Development Site is ideally situated near MidAmerica Industrial Park (MAIP), Oklahoma’s largest and one of the nation’s largest industrial parks.
This strategic location offers investors a unique advantage, as it allows for potential partnerships, tenant demand, and business opportunities arising from the vibrant industrial ecosystem in the area. Pryor School District is one of the best performing school districts in the State of Oklahoma. The district’s schools currently enjoy multiple prestigious state and national designations and awards, including:
Lincoln Elementary, Jefferson Elementary and Pryor High School have been named as both State and National Schools of Character by Character.org
Pryor Jr. High School was designated a 2016 National Promising Practices in Character Education by Character.Org
Pryor Jr. High School was designated a 2016 National Promising Practices in Character Education by Character.Org
Roosevelt Elementary was the first school in Oklahoma to be designated a Leader in Me Lighthouse School by Franklin Covey
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