$999,000

708 SW 59th St

Oklahoma City OK, 73109

Description

Zone C-3. Medical Marijuana Growth approved. 100% leased out with long term tenants. 7.85% Cap Rate. This income producing strip center houses 3 tenants. Rent is currently below the market. It's over 10,000 SF. This strip center is surrounded by the 3 busy interstate highways: I-240, I-35 and I-44. SW 59th is one of the major streets and a high traffic area of the city. More than 6000 SF of the building just recently receive an interior upgrade by the new tenant. New roof in 2019. New Gutter, signage & exterior fascia in 2018. The shortest lease term is 3 years and the longest one is 10 years. This provides new owner peace of mind during this Covid time. Tenants are very responsible and they pay for their own utilities and maintenance/repairs of their part of the building. Financial information is available upon request.

Details

MLS#913482
Listing TypeFor Sale
Sub-TypeResale
StatusACT
Year1969
Days On Site274

Features

SQ Feet10,820
Story(s)1
ZoningCommercial

Market Activity 73109

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Area Information
StateOK
CountyOklahoma
CityOklahoma City
Zip Code73109
School DistrictOklahoma
Listing VS Median (in 73109)
Price:
$999,000
low | high
Med:
$239,900
100% of Average
SqFt:
10,820
low | high
Med:
2,518
100% of Average
$ / SqFt:
$92
low | high
Med:
$95
46.810313093077% of Average
On Site:
274
low | high
Med:
162
100% of Average
Listing Updated: February 26, 2021 8:08:28 PM PST
Yen Valera LogoMLS Number: 913482
Listing Provided By:
Yen Valera  of  Ariston Realty LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Oklahoma City Metro Association of REALTORS.
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