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29095966
29095967

916 N Pennsylvania Ave, Oklahoma City, OK 73107

EF
OK 202965
McGraw Davisson Stewart (BO)
DN
OK 84804
McGraw Commercial Properties
Listed by McGraw Davisson Stewart (BO), McGraw Commercial Properties
$575,000
154 days on market
Updated 41 days ago

916 N Pennsylvania

Details
Property Type Land
Sub Type Industrial
Acreage 1.080

Income Generating I-2 Land: 10th & Penn

Marketing description

  • Opportunity to acquire 46,958± square feet (1.08± acres) of I-2 zoned industrial land located just south of NW 10th Street and Pennsylvania Avenue in northwest Oklahoma City. The property fronts a well-traveled corridor with ODOT-measured traffic counts of approximately 10,000 vehicles per day (2022) along Pennsylvania Avenue, providing consistent exposure and access.

  • The site includes an existing cell phone tower with in-place rental income of $6,000 annually. The tower and associated fenced yard occupy roughly 1,440 square feet per the county assessor and include dedicated driveway access for maintenance vehicles. The remainder of the site, approximately one acre, remains available for additional development or income-generating improvements.

  • Zoning and site characteristics create potential for additional revenue streams, including billboard placement and/or additional leasing opportunities, subject to permitting. The parcel’s size, configuration, and exposure support a range of industrial, infrastructure, or alternative-use strategies.

  • The property offers meaningful upside as the surrounding area continues its gradual transition, with redevelopment occurring incrementally and investment activity steadily moving west of the urban core. Its proximity to major thoroughfares positions the site for long-term appreciation.

Investment highlights

  • 1.08 ac MOL of Income Producing I-2 Zoned Land in the heart of OKC.

  • $6,000 gross annual revenue from 1,446 sqft Cell Tower ground lease

  • Estimated 1 remaining usable acre for additional revenue streams such as additional ground lease(s), BTS, spec development, or billboards.

  • Meaningful upside in transitioning area.

Listing Contacts

EF
OK 202965
McGraw Davisson Stewart (BO)
DN
OK 84804
McGraw Commercial Properties
Listed by McGraw Davisson Stewart (BO), McGraw Commercial Properties

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Additional Information

Name
Eli Fritts
License
202965
Brokerage
McGraw Realtors
Brokerage Phone
4053484422
Title
Real Estate Professional
Brokerage Address
16301 North May Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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