Multi Flex Building SW 29th 216-224 SW 29th St

27,229 SF Retail Building Oklahoma City, OK 73109 $1,975,000 ($73/SF) 9% Cap Rate

INVESTMENT HIGHLIGHTS

  • Prime Location on High-Traffic Corridor 27,000 sf total space
  • Two robust surveillance systems with a total of 24 cameras, ensuring comprehensive property coverage.
  • Frontage on SW 29th Street, with estimated daily traffic exceeding 20,000 vehicles.
  • Over 20 front parking spaces on SW 29th St with additional rear parking accessible from SW 30th St.

EXECUTIVE SUMMARY

Prime Commercial Investment Opportunity – Seller Financing Available
Rare opportunity to acquire a 27,229 SF multi-building commercial property in the high-traffic SW 29th Street corridor of Oklahoma City. This package includes four addresses: 216 SW 29th St, 220 SW 29th St, 224 SW 29th St, and 219 SW 30th St, situated in a high-visibility location with over 20,000 vehicles passing daily.
With a total lot size of 1.41 acres, this property is ideal for investors or developers looking for a value-add opportunity in a rapidly growing area.
Property Highlights
216 SW 29th St: 9,504 SF showroom with stucco façade updates (2015), modern HVAC systems (2016 & 2018), and 4,200 SF warehouse space with rear loading dock and parking.
220 SW 29th St (6,850 SF) & 224 SW 29th St (6,675 SF): Open-plan spaces previously used for warehousing, adaptable for storage, retail, or office conversion.
219 SW 30th St: Fenced corner lot with metal carport, ideal for additional parking, storage, or redevelopment.
Key Features
Parking: 20+ front spaces on SW 29th St, with additional rear parking via SW 30th St.
Security: Two surveillance systems with 24 cameras covering the full property.
Zoning: C-3 (Community Commercial) – allowing for retail, warehouse, office, and mixed-use development.
Visibility: Prime frontage on SW 29th Street, a major business corridor.
Development Potential
Multi-tenant retail center
Urban logistics or distribution hub
Mixed-use redevelopment with retail, office, or co-working spaces
Event or cultural venue leveraging the property's flexible layout
Expansion of parking or outdoor storage to support business needs
Location Advantage
Strategically located 9 minutes from Downtown Oklahoma City, this property benefits from proximity to major attractions, including Stockyards City, Wheeler Park, and immediate access to I-35 and I-40. SW 29th Street is a thriving commercial corridor with a strong mix of retail businesses, restaurants, and professional services, ensuring steady foot and vehicle traffic.
Terms & Pricing
Listing Price: $1,975,000 (Negotiable)
Seller Financing Available:
35% down payment
Interest rate 6-10%
Amortized over 15-20 years, with a balloon payment in Year 4
Flexible terms for qualified buyers
Quick closing preferred
This is an exceptional opportunity to acquire prime commercial real estate in one of Oklahoma City’s most dynamic and high-growth areas. The seller is highly motivated and the property is ready for immediate redevelopment or business expansion.
Schedule your private showing today and secure this rare investment opportunity.

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PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
27,229 SF
Building Class
C
Year Built/Renovated
1939/2015
Price
$1,975,000
Price Per SF
$73
Cap Rate
9%
NOI
$177,750
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.44
Lot Size
1.41 AC
Zoning
C-3 - Zoning: C-3 (Community Commercial) – allowing for retail, warehouse, office, and mixed-use development.
Parking
21 Spaces (0.77 Spaces per 1,000 SF Leased)

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
13,164
88,992
225,693
409,494
2029 Population
13,657
91,932
232,929
421,813
2024-2029 Projected Population Growth
3.8%
3.3%
3.2%
3.0%
Median Age
33.1
32.4
33.7
35.0
College Degree + Higher
5%
9%
16%
14%
Daytime Employees
3,449
73,250
190,550
245,001
Total Businesses
517
7,758
18,440
29,036
Average Household Income
$52,516
$53,272
$57,413
$64,952
Median Household Income
$36,310
$40,695
$42,861
$49,477
Total Consumer Spending
$112.5M
$754.9M
$2.1B
$4.1B
2024 Households
4,609
31,947
88,523
163,540
Average Home Value
$133,458
$132,680
$152,065
$182,182

NEARBY MAJOR RETAILERS

Bank of America
Rent-A-Center
La Hacienda
Simmons Bank
VASA Fitness
La Michoacana Meat Market
Walmart Neighborhood Market

PROPERTY TAXES

  • Listing ID: 34286014

  • Date on Market: 12/24/2024

  • Last Updated:

  • Address: 216-224 SW 29th St, Oklahoma City, OK 73109