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3,248 SF Commercial Building on N May Ave 1940 N May Ave 3,248 SF 100% Leased Retail Building Oklahoma City, OK 73107 $936,178 CAD ($288.23 CAD/SF)
Investment Highlights
- Direct Frontage & Visibility on N May Ave
- Owner-User Facility
- Central Oklahoma City location with Convenient access to I-44 and downtown Oklahoma City
- Investment Opportunity with Two Long-Term Tenants
- Existing commercial/light-industrial use history
- C-3 Heavy Commercial Zoning
Executive Summary
Offered at $675,000, 1940 N May Ave presents a versatile owner-user and investment opportunity along a prominent central Oklahoma City corridor. The approximately 3,248 SF freestanding building is currently configured with two tenant-occupied spaces and a separate owner-user space, providing a potential buyer with the ability to occupy a portion of the property while benefiting from existing rental income.
The property occupies approximately 0.19 acres with direct frontage and visibility on N May Avenue, just south of NW 23rd Street. Its C-3 zoning provides valuable flexibility for a wide range of commercial uses, subject to verification of the buyer’s intended use.
With its in-place tenants, flexible configuration and convenient access to I-44, downtown and surrounding neighborhoods, the property is well-positioned for an owner-user seeking to offset occupancy costs or an investor looking for a manageable multi-tenant commercial asset.
The property occupies approximately 0.19 acres with direct frontage and visibility on N May Avenue, just south of NW 23rd Street. Its C-3 zoning provides valuable flexibility for a wide range of commercial uses, subject to verification of the buyer’s intended use.
With its in-place tenants, flexible configuration and convenient access to I-44, downtown and surrounding neighborhoods, the property is well-positioned for an owner-user seeking to offset occupancy costs or an investor looking for a manageable multi-tenant commercial asset.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
3,248 SF
Building Class
C
Year Built
1972
Price
$936,178 CAD
Price Per SF
$288.23 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.40
Lot Size
0.19 AC
Zoning
C-3 - Heavy Commercial / Regional Commercial
Frontage
160’ on N May Avenue
Amenities
- Corner Lot
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 068221000 | Improvements Assessment | $26,565 CAD |
| Land Assessment | $3,259 CAD | Total Assessment | $29,825 CAD |
Property Taxes
Parcel Number
068221000
Land Assessment
$3,259 CAD
Improvements Assessment
$26,565 CAD
Total Assessment
$29,825 CAD
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3,248 SF Commercial Building on N May Ave | 1940 N May Ave
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