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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
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
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
29,103 SF
Building Class
C
Year Built
1955
Price
$5,330,520 CAD
Price Per SF
$183.16 CAD
Cap Rate
4.31%
NOI
$229,622 CAD
Percent Leased
66%
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 | $201,950 CAD |
| Land Assessment | $31,968 CAD | Total Assessment | $233,918 CAD |
Property Taxes
Parcel Number
089730050
Land Assessment
$31,968 CAD
Improvements Assessment
$201,950 CAD
Total Assessment
$233,918 CAD
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