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3124-3132 N May Ave
Oklahoma City, OK 73112
3124 N. May Supermarket · Retail Property For Sale
Investment Highlights
- Great frontage to May avenue!
- Possible development for vacant lot
- Access from 2 sides
Executive Summary
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**
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
29,103 SF
Building Class
C
Year Built
1955
Price
$4,458,592 CAD
Price Per SF
$153.20 CAD
Cap Rate
5.25%
NOI
$234,076 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.59 AC
Zoning
C-3 - C3 zoning is designated for commercial uses that support a wide range of retail and service businesses.
It allows for higher density development
Parking
110 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
238’ on May
Amenities
- Corner Lot
- Pylon Sign
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 089730050 | Improvements Assessment | $207,422 CAD |
| Land Assessment | $32,834 CAD | Total Assessment | $240,256 CAD |
Property Taxes
Parcel Number
089730050
Land Assessment
$32,834 CAD
Improvements Assessment
$207,422 CAD
Total Assessment
$240,256 CAD
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