1219-1221 N Classen Blvd
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1219-1221 N Classen Blvd
10,000 SF 100% Leased Retail Building Oklahoma City, OK 73106 $1,600,000 ($160/SF) 7.12% Cap Rate
Executive Summary
Located in the heart of Oklahoma City's vibrant Plaza and Midtown district. This modern one-of-a-kind office is sophisticated and unmatched. In the most exciting corridor in OKC, connecting directly to the Oklahoma Boulevard. 75% of the building was remodeled with new floors, plumbing, electric, HVAC, and the roof was replaced in 2018. Has rare, 23 space surface parking lot, repaved 2021. Located near St. Anthony's Hospital and a variety of popular restaurants, including Waffle Champion, Hall's Pizza Kitchen, Packard's, and more. Minutes away from the Plaza District, the Asian District, Paseo, Heritage Hills, Automobile Alley, and Highway I-235. An important arterial corridor through Northwest Oklahoma City, Classen Boulevard provides ease of access and exposure across most of the main districts and neighborhoods in the city.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1957
Price
$1,600,000
Price Per SF
$160
Cap Rate
7.12%
NOI
$114,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
23 Spaces (2.3 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $165,499 | |
Land Assessment | $66,278 | Total Assessment | $231,777 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$66,278
Improvements Assessment
$165,499
Total Assessment
$231,777
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1219-1221 N Classen Blvd
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