Community Park Shopping Center
$1,300,000
12260 NE 23rd St, Choctaw, OK 73020
11.5
Cap Rate
149,500
NOI
Details:
Highlights:
- Attractive acquisition basis
- Multi-tenant strip mall
Description:
This property is positioned to attract a cash buyer looking to invest in a cash-flowing asset, making it a compelling investment for those looking to capitalize on Northeast Oklahoma City's commercial landscape. This property boasts visibility along NE 23rd Street with an impressive 884 feet of frontage, ensuring maximum exposure to high volumes of passing traffic daily.
This 5-acre parcel is zoned C-2 and is purposefully designed to support commercial activities. It can accommodate retail outlets, service establishments, motels, and commercial recreation. This zoning allows for personal and business services, including both new and used automobile sales and services, machinery sales and services, commercial recreation, public safety facilities, and utility services. This flexibility makes it ideal for a new owner-user or investor looking to set up a community-centric business space or private venture. The existing shopping center remains appealing to retail tenants and local service businesses, while the adjacent 3.4 acres of undeveloped land could facilitate future expansion and is plotted with new residential homes south of the property.
With excellent visibility, approximately 845 feet of frontage, multiple points of ingress and egress, pylon signage, and abundant parking, the property offers the accessibility and exposure sought by national, regional, and local retailers alike.
The property draws customers from Nicoma Park, Midwest City, Choctaw, Harrah, Spencer, and the surrounding eastern Oklahoma City metro.
The corridor is anchored by a strong concentration of national retailers including Walmart, Dollar Tree, McDonald's, Taco Bell, AutoZone, CVS, and Walgreens
Documents:
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Location
Gallery
