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Listed by Paul Brooks • RE/MAX Preferred

$ 3,200,000

Est. payment | -/mo

31,012 SqFt

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$ 3,200,000

Est. payment | -/mo

Save

31,012 SqFt

Key Details

Property Type Commercial

Sub Type Shopping Center

Listing Status Active

Purchase Type For Sale

Square Footage 31,012 sqft

Price per Sqft $103

MLS Listing ID OKC1223486

Construction Status Brick,Brick & Frame

Year Built 1955

Annual Tax Amount $21,033

Lot Size 5.180 Acres

Acres 5.18

Property Sub-Type Shopping Center

Property Description

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. East side of property has 1 to 1.2 acre of vacant land perfect to develop small apartment complex, duplex or rental units.
he owner carry side is $3.2 mil sales price
$1.7 Mil down at 6% for 20 year note payment would be $10846.00 per month principal and interest and obviously the new owner would have to carry property insurance and pay the property taxes. Current tenant info 3124 B-C are small units total of $900 per month on a 2 year lease.
Harry's Grill pays $3700 per month through May 2027
3132/2840 combined unit pays $3500 per month through March of 2027
3130 N. May pays $2200 per month on a month to month lease but they want to resign when its purchased with the new owner.
3128 N. May pays $1200 month to month but wants to sign a new lease with new owner.
3126 N. May pays $3000 per month on a month to month. THey have been there 40 years and want to sign a new lease with the new owner.
Total right now monthly is $14,500. There are a couple of vacancies that would lease in the $1500 per month range.

*Buyer to verify all info and zoning*

Location

State OK

County Oklahoma

Zoning Commercial

Interior

Heating Gas

Cooling Central Elec

Fireplace N

Exterior

Parking Features Additional Parking, Asphalt, Concrete

Garage Description Additional Parking, Asphalt, Concrete

Building

Story 1

Sewer Public Sewer

Water Public

Structure Type Brick,Brick & Frame

Construction Status Brick,Brick & Frame

Others

Miscellaneous Sidewalk

Acceptable Financing As is Condition, Cash, Seller will Finance

Listing Terms As is Condition, Cash, Seller will Finance

Multiple Listing Service of Oklahoma (MLSOK)

Nearby Locations

"Today's buyers and sellers need a trusted advocate and resource that can guide them through the complex world of real estate. That’s why I am constantly striving to lead the field in research, innovation, and consumer education. With my extensive knowledge of the local Oklahoma City area and commitment to providing only the best and most timely information to my clients, I am your go-to source for real estate industry insight and advice."

+1(405) 532-3497

cindi@soldbycindi.com

800 W Rock Creek # 101, Norman, OK 73069, USA

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3124 N May AVE Oklahoma City, OK 73112