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Multi-Flex Commercial Building | High-Traffic Location | OKC

$1,975,000

216 - 224 Southwest 29th Street, Oklahoma City, OK 73109

Active
Last Updated: 02/17/2025

9

Cap Rate

27,229 sqft

Building Size

Details:
Cap Rate:    9%
Building Size:    27,229 sqft
Lot Area:    0.64 acres
Units:    3
Class:    C
Price Per Unit:    $658,333
Price Per Sqft:    $73
Year Built:    1939
Zoning:    C-3
Tenancy:    Multiple
Floors:    1
Parking Spots:    21
CeilingHeight:    10
Restrooms:    4
Floor:    Concrete, Tile, & Carpet in Office/Showroom
HVAC:    Updated in 2016 & 2018 in showroom area (Warehouse may not have HVAC.)
Roof:    Flat, Commercial Roofing System
Warehouse %:    50%
Construction Status:    Existing
Gross Leaseable Area:    22,000
Year Last Renovated:    2015
Investment Strategy:    Value Add
Highlights:
  • ✅ Seller Financing Available with 35% down
  • ✅ Multi-Flex Commercial Property with 27,229 SF of retail, warehouse, and office space.
  • ✅ Prime Location on SW 29th St, Oklahoma City, a high-traffic commercial corridor (20,000+ vehicles per day).
  • ✅ Proximity to Major Developments: Near the newly opened OKANA Resort & Waterpark, SW 25th Multicultural Plaza, and SW 29 (La 29) business district.
  • ✅ Secure Property: Equipped with 24 surveillance cameras and fenced parking.
  • ✅ Potential for Multiple Tenants: Three separate units with flexible leasing or owner-occupant options.
  • ✅ Recent Renovations: New stucco façade (2015), updated HVAC (2016 & 2018) in showroom areas.
  • ✅ Easy Access to Major Highways: Minutes from I-35 & I-40, providing excellent connectivity for logistics and commercial use.
Description:

Prime Commercial Investment Opportunity!

This multi-flex commercial building offers 27,229 SF of flexible space across four different addresses in a high-traffic commercial corridor in Oklahoma City.

Located just 9 minutes from Downtown OKC, this property presents high investment potential due to its proximity to new developments, such as the SW 25th Multicultural Plaza, the thriving SW 29th (La 29) District, and the recently opened OKANA Resort & Indoor Waterpark.

Key Features:
27,229 SF of space for multiple commercial uses.
Located in a high-traffic area with 20,000+ vehicles passing daily.
Two surveillance systems with 24 cameras ensuring security.
20+ front parking spaces plus rear loading and storage area.
Zoned C-3, allowing for retail, office, warehouse, and other business uses.
Re-Development Potential for mixed-use projects or an urban logistics center.
Quick access to I-35 & I-40, offering excellent connectivity for businesses.

Nearby Developments:
SW 25th Multicultural Plaza: A new community and commercial space designed to attract businesses and foot traffic to the area.
SW 29 (La 29) District: A fast-growing business corridor with restaurants, retail, and professional services.
OKANA Resort: A $400 million tourism and entertainment project that will boost local economic activity and increase area traffic.

Investment Opportunity:
Asking Price: $1,975,000 ($73/SF)
CAP Rate: 9%
Seller Financing Available

Don’t miss this opportunity! Contact us today for details.

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