Available For Sale - Land

621,601 SF

LISTED BY

Tim McKay
Newmark, 405-210-4318

AVAILABILITY DETAILS

Size
621,601 SF
Price/SF
N/A - Contact for Info
Listing ID
SA548043
Notes
OKLAHOMA CITY MSA MIXED-USE DEVELOPMENT SITE

14.27-Acre Site Featuring Excellent Access to Employers, Retail, Medical, and Major Arterials



Newmark is pleased to offer a unique turnkey development opportunity adjacent to employers, retail, medical, and major arterials. Located a short drive from the Oklahoma City Central Business District, the subject acreage features approximately 14.27 acres ideal for mixed-use development. The parcel has been cleared and ready for development, with broad entitlements under PUD 1827 and third-party reports completed.



EXCEPTIONAL SHOVEL-READY LOCATION

– Attractive Mixed-Use site the high-growth Oklahoma City MSA

– Fully surveyed with completed Phase I Environmental, Subsurface Assessment, and stormwater detention

– Traffic access and utilities adjacent to property

– Most uses entitled under PUD 1827, including multifamily, commercial, retail, restaurant, and office

– Short commute times to preeminent aviation, retail, manufacturing, and logistics employers, including Amazon, Canoo, Hobby Lobby Headquarters, and the FAA’s Mike Monroney Aeronautical Center

– 3.0% Oklahoma City MSA unemployment rate, subject acreage is adjacent to 2.8% average Yukon unemployment rate

– Desirable census tract fundamentals with over 38% Millennial + Gen Z population and high projected 2023-2028 population growth: $400,000+ owner-occupied homes within a 3-mile radius

– Outstanding multifamily fundamentals: Submarket comparable rents average over $1,150 per unit ($1.27 psf) per month

– Easy access to downtown Oklahoma City and the wider MSA via Interstate 40 and connections to Interstate 44 and the Kilpatrick Turnpike
Uses
Land

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Tim McKay, Newmark