Oklahoma City Land for Sale - South
The subject development site with all improvements and/or structures is located at 1511-1501 Exchange Ave, Oklahoma City, OK 73108.
This site is approximately (5.24 AC (mol) located next to the scenic Oklahoma river, that is fronting the OU Boathouse, boat slips, boat docks that offers tourist and local patrons' scenic river excursions on the Oklahoma river on specific days throughout the year. This property is strategically located 3 minutes from the biking, jogging, cycling Oklahoma river trail with a spectacular view of the City of Oklahoma City skyline.("Great place to live"). This site is located strategically 5 to 10 minutes from the Art districts, Fresh fruit and vegetable farmers market, City parks, Water parks, famous River rapids water park, Theme parks, Historical attractions, Hotels and Restaurants, Local Bars, Sporting events such as the NBA Thunder games, Live theater, Live music, Live concerts, including the philharmonic orchestra and much more (“ most everything down town Oklahoma City”) as it’s an incredible location for any mufti-family Apartment and/or condominium developer under the proposed PUD that I anticipate will be approved on or before December 31 2024.
If you and/or partner(s) and/or clients are looking for a great location as a mix use develop site , this would be the site to purchase in my opinion being one of the best locations to build multifamily. This site is located right next to the Oklahoma River front with a great view for a sale price of $14.50 per sq ft that is a very fair price that should leave room for whoever purchases this prime location to develop it as either an income property or to sell for a higher per sq ft price in the near future as this property is in the path of tremendous OKC future growth.
This site in my brokers opinion being as a commercial real estate broker in the state of Oklahoma and working in Oklahoma City area for the past 30 years is one of the best sites I know of to build apartments and/or condominiums, especially with the success the wheeler district has had in the past few years that is to the East of this prime location.
This property is also located in the empowerment zone area that has some tax incentives as well.
For more information regarding the empowerment zone please see the executive summary attached for your review.
There are also 3 buildings and one other structure on the 1511 exchange address that could be leased out during the development stages to offset some expense as needed if needed that is a true value add to this site. See the information regarding all structures, buildings located on the properties attached for your review.
The site also has on site or access to City water, City Sewer, Electricity, Gas that is also is a value add for any development company looking at this as a possible development site.
