S May Ave Corner Lot
Hard Corner Industrial Zoning Close to Major Highway
Marketing description
1601 S May Ave presents a rare opportunity to acquire a high-visibility corner property near the I-44 and I-40 corridors in Oklahoma City. Situated on approximately 19,212 square feet of I-2 zoned land, this site offers strong redevelopment potential while providing immediate in-place income.
The property is currently leased at $2,500 per month through March 31, 2028. The tenant is responsible for maintenance and insurance, creating a low-management structure for ownership. County taxes are approximately $1,610.70 annually, resulting in an attractive net income profile.
The corner location at S May Ave and SW 15th Street offers excellent access and visibility, making the site well-suited for long-term redevelopment into automotive, industrial, service, gas station, quick-service restaurant, or other commercial uses permitted under I-2 zoning.
Investors benefit from stable income during the remaining lease term, while owner-users or developers gain flexibility for repositioning or redevelopment in the near future.
Investment highlights
$2,500/month in-place tenant (through 3/31/2028)
Tenant pays maintenance & insurance
Landlord responsible for taxes only ($1,610.70 annually)
Approx. 19,212 SF corner lot
I-2 Heavy Industrial Zoning
Prime corner location: S May Ave & SW 15th St
Minutes from I-44 and I-40 interchange
Strong traffic exposure
Redevelopment potential
Ideal for automotive, service, industrial, or commercial users
Low-management investment structure
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