REIT Sale | Former Advance Auto Parts | 15K VPD | Hard Corner

Highlights:

• 6,783 SF Value-Add Retail (Former Advance Auto Parts) in Oklahoma City
• 15,566 VPD Traffic Count Frontage and Visibility along N May Ave; Hard Corner; Minutes to I-44 (+157K VPD)
• Neighboring National Retailers: Walmart, Lowe’s, Sam’s Club, Family Dollar, AutoZone, Dollar General, Ace Hardware, Walgreens, Wendy’s, Panda Express, Raising Cane’s, and Starbucks, and more

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:
https://rimarketplace.com/auction/2477/t?utm_source=brevitas&utm_medium=listing&utm_campaign=external

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 3217 North May Avenue, Oklahoma City, Oklahoma 73112 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, presenting an excellent opportunity for owner/users or investors to acquire a highly visible and strategically located asset at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2006, the Property consists of a one-story, free-standing retail building containing ±6,783 gross square feet, with 35 total surface parking spaces on a ±0.79-acre parcel (±34,620 SF). The site is easily accessible via two ingress/egress curb cuts and offers 112’ of frontage along N May Ave (±15,566 VPD). The Property offers a pylon sign and was previously occupied by Advance Auto Parts on a NNN lease and offers potential owner-users or investors the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $15-18/SF NNN). Zoned C-3 (Community Commercial District) and O-2 (General Office District), the Property benefits from flexible zoning that allows for a broad range of commercial and retail uses, making it well-suited for a variety of end users or redevelopment strategies.

Strategically located in Oklahoma City, the capital and largest city in the state, the Property benefits from prominent frontage along North May Avenue, a well-traveled commercial corridor with ±15,566 vehicles per day (VPD). The site offers excellent visibility and convenient access to I-44 (±157,238 VPD, ±½-mi away), I-235 (68,303 VPD, 2-mi away), and I-40 (±91,482 VPD, ±2-mi away)—all major interstate highways that connect the metro area to the broader region. The surrounding trade area includes a wide mix of national retailers such as Walmart, Lowe’s, Sam’s Club, Family Dollar, AutoZone, Dollar General, Ace Hardware, Walgreens, Wendy’s, Panda Express, Raising Cane’s, and Starbucks, all of which contribute to strong daily traffic and retail demand. The Property is positioned within an extremely dense infill corridor surrounded by established neighborhoods and key educational demand drivers, including Oklahoma City University (±2,700 students, located ±1.5-mi from the Property), as well as Northwest Classen High School and Taft Middle School, with a combined enrollment of 2,000+ students, both located within ±1 mile of the Property. Additional nearby demand generators include OKC State Fair Grounds, Integris Health Baptist Medical Center and several large office and retail employers. The Property benefits from over ±108,000 residents with an average household income of ±$84,000 within a 3-mi radius, and ±226,075 residents with an AHHI of ±$81,310 within a 5-mi radius. This central location, less than 15 minutes from Downtown Oklahoma City, paired with flexible zoning and strong surrounding demographics, presents a compelling opportunity for both users and tenants seeking a highly accessible, demand-rich urban location.

Lamar P. Fisher
Fisher Auction Company Inc.
License:
Internet Auctions Exempt from Licensing