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S Boulder Ave

2.06 Acres of Commercial Land Offered at $5,500,000 in Tulsa, OK 74119

INVESTMENT HIGHLIGHTS

  • 2.066 ± Acres

EXECUTIVE SUMMARY

Enhanced investment opportunity: Located in the downtown Tulsa Cathedral District, an area pre-approved for activating a Tax Increment Financing District (TIF). With proper planning and execution, this would increase the financial stability and enhance the overall capital stack of the development, as the purchaser would be able to capture roughly 86% of all newly created property and sales tax revenue and reinvest it within the project area.
Prospective buyers are required to submit proof of funds or pre-approval for financing along with their offer in order to demonstrate their ability to complete a transaction of this magnitude. Documentation must demonstrate the existence of sufficient funds or credit availability to proceed with the purchase prior to submitting an offer.

PROPERTY FACTS Under Contract

Price $5,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 2.06 AC
Opportunity Zone Yes

1 LOT AVAILABLE

Lot 4-6

Price $5,500,000
Price Per AC $2,669,902.91
Lot Size 2.06 AC

Full city block situated in the heart of Tulsa's renowned Cathedral District, Zoned CBD.

DESCRIPTION

This exceptional property is strategically positioned within the Central Business District, a hub of commerce and activity in the heart of Tulsa. Boasting frontage on the iconic Route 66, this 2.06-acre parcel offers a unique opportunity to capitalize on the historical significance and high visibility of this legendary highway.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00500-92-12-43660
Land Assessment
$675,000
Improvements Assessment
$1,628,947
Total Assessment
$2,303,947

ZONING

Zoning Code CBD (Central Business District)
CBD (Central Business District)
  • Listing ID: 31597025

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: S Boulder Ave, Tulsa, OK 74119

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