1709 N Portland Ave, Oklahoma City, OK 73107, Oklahoma City, OK 73107

Portland Shops is a 28,823 SF neighborhood strip center strategically positioned in Oklahoma City’s West/Central submarket. Situated on a 1.85-acre lot along N Portland Avenue, this established retail center offers investors and owner-users an opportunity to acquire scale at a compelling basis well below market comparable. Originally constructed in 1954 and renovated in 2013, the property is offered at $2,200,000 ($76.33/SF)

The West/Central submarket continues to demonstrate steady leasing fundamentals with over 151,000 SF leased in the past 12 months and strong transaction velocity totaling $34.9M in sales volume. With limited new construction and stable cap rates, the area remains attractive for value-add retail investors. Market asking rents in the submarket average $1.30/SF, providing upside potential through lease-up and rent growth strategies.

Portland Shops presents a rare opportunity to acquire a well-located strip center at a substantial discount to replacement cost and prevailing market pricing, offering both immediate income potential and long-term value appreciation in one of Oklahoma City’s established retail corridors significantly below the current West/Central market average sale price of $131/SF , creating immediate value positioning.