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31641649
31641650

3124 North May Avenue, Oklahoma City, OK 73112

PB
OK 116430
RE/MAX Preferred Properties
Listed by RE/MAX Preferred Properties
$3,200,000
51 days on market
Updated 1 day ago

3124 North May Avenue

Details
APN 089730050
Property Type Retail
Sub Type Restaurant, Storefront (+1)
Square Footage 31,012
Units 40
Cap Rate 5.25%
NOI $168,000
Occupancy 65%
Tenancy Multi
Lease Type Gross
Rent Bumps No
Pro-Forma NOI $65
Broker Co-Op True
Class C
Year Built 1955
Year Renovated 1999,2010,2015
Buildings 1
Stories 1
Acreage 5.180
Zoning C2
Parking Spaces 40 spaces
Parking Per SqFt 1.29
Ground Lease No
Ceiling Height 9
Sale Condition N/A

Shopping center in vibrant part of Nw. OKC!!

Marketing description

Investment highlights

Great price improvement!!!!!!!!!!An opportunity that has so many possibilities. Shopping center is 31,012 sqft(mol)under 1 roof with many longtime tenants and leases in place. Several large units are empty and can be developed or leased out to a litany of tenants. Your imagination is your only limitation. Approx 11,748 of blacktop which provides plenty of parking for the entire Neighborhood Shopping Center. The property runs from Nw. 31st and May to Nw. 32nd and May on the Ne side of the street. The East side of the property has an open lot with approx 2.5 acres of land that can be developed into more commercial space or even a small apartment complex or multi family rental units. **Possible owner carry depending on terms**

**Broker or buyers broker to verify all info**

Listing Contacts

PB
OK 116430
RE/MAX Preferred Properties
Listed by RE/MAX Preferred Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,000.00
$14,000.00/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Anna Yarbrough
License
128520
Brokerage
REMAX PREF. Properties
Title
Broker of Record
Brokerage Address
3121 Quail Springs Parkway #100, Okc. Ok. 73134
Name
Paul Brooks
License
116430
Brokerage
REMAX Pref Properties
Brokerage Phone
4059900548
Title
Listing & Sales Broker
Brokerage Address
3121 Quail Springs Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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