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29552109
29552128

13501 Memorial Park Dr, Oklahoma City, OK 73120

Keller Williams Realty
Listed by Keller Williams Realty
$7,500,000
121 days on market
Updated 7 days ago

13501 Memorial Park Dr

Details
Property Type Hospitality
Sub Type Hotel, Redevelopment
Square Footage 68,480
Beds 118
Price per SqFt $110
Year Built 2009
Year Renovated 2022
Buildings 1
Stories 4
Lot Size (SqFt) 94,211
Zoning PUD-249
Parking Spaces 120 spaces
Parking Per SqFt 1.75
Investment Type Redevelopment

Hospitality

Marketing description

Prime 95-unit commercial property in Oklahoma City's Quail Springs corridor. Built 2010 with recently renovated interiors. Ideal for senior living or affordable housing redevelopment. Direct highway access, minutes from major hospitals and retail. Turnkey infrastructure includes elevators, commercial kitchen, pool, and handicap-accessible design. Strong market demand, available development incentives, and significantly lower conversion costs versus new construction create exceptional value opportunity. With new Oklahoma City development planned and underway in the surrounding area, the asset is uniquely positioned to capitalize on expanding infrastructure, population growth, and increasing demand for diversified housing options. The property is especially well-suited for senior living, affordable housing, or mixed-use redevelopment, aligning with strong demographic and housing trends across the metro.

Opportunities of this caliber—combining location, renovation, and redevelopment optionality—are increasingly rare in this submarket. This offering presents investors and developers a chance to secure a strategic footprint ahead of continued Oklahoma City expansion.

Investment highlights

  1. Prime Memorial Corridor Location

    • Immediate access to major arterial roads

    • Proximity to established residential neighborhoods and amenities

    • Strong visibility and accessibility

  2. Growth Tailwinds from Oklahoma City Expansion

    • Planned and ongoing OKC development creating long-term upside

    • Increasing demand for housing alternatives, particularly senior and workforce housing

  3. Recently Renovated Interior

    • Reduced upfront capital for adaptive reuse

    • Allows faster entitlement-to-execution timeline

    • Ideal for phased redevelopment or interim income use

  4. Redevelopment Optionality

    • Senior living, affordable housing, or mixed-use potential

    • Scarcity of well-located redevelopment sites in this submarket

    • Flexibility for public/private partnerships or incentive programs


Listing Contacts

Keller Williams Realty
Listed by Keller Williams Realty

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Additional Information

Name
Denzel Cromwell
License
181680
Brokerage
Keller Williams Central Oklahoma
Brokerage Phone
405-330-2626
Title
Commercial Realtor®️
Brokerage Address
20 East Campbell Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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