3801 NW 63rd Street 2 & 3,Oklahoma City, OK 73116
Oklahoma City, OK 73116
Description
Excellent opportunity to acquire a multi-tenant commercial building along the highly trafficked NW 63rd Street corridor. Situated on a 32,016 SF lot and zoned C-3, the property offers strong visibility, flexible suite configurations, and immediate upside potential. Currently aprx. 70% leased with 25 configurable suites, the building generates $97,871 in gross annual income and approximately $49,885 NOI. Leases are modified gross with 1-3 year terms, and most include 3% annual increases. Approximately 4,854 SF is available, creating immediate lease-up opportunity. Current asking lease rates of $10/SF are below market, offering clear potential to increase income over time.Ideal for both investors and owner-occupants. Approximately 1,919 SF is available on the first floor, 1,404 sqft of which is functioning Hair Salon. An additional 2,935 sqft space is available upstairs, currently separated in 5 units, allowing a business to occupy immediately while benefiting from in-place tenant income. Any of the spaces can be connected or separated to fit your needs.Recent capital improvements include a new 20-year warranty roof (2019), three of eight five-ton HVAC units replaced within the past six years, and a full LED lighting retrofit converting all T8 fluorescent fixtures to energy-efficient LED tubessignificantly reducing operating expenses.Located within a quarter mile of major intersections and surrounded by national and regional retailers, the property benefits from approximately 49,400 vehicles per day, strong accessibility, and long-term repositioning potential.
Details
| MLS # | 1215276 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| HOA Dues | $8,400 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1977 |
| Days On Site | 184 |
| Listing Provided By | Fidelity Real Estate Brokers | Andi Bytyqi |
Features
| SQ Feet | 14,976 |
|---|---|
| Story(s) | 2 |
Interior
| Heating | Gas |
|---|
Parking
| Parking Features | Asphalt |
|---|
Taxes
| Okc Tax Amount | 7722.0000 |
|---|---|
| Tax Block | 0 |
| Tax Lot | 0 |
Area Information
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73116 |
| School District | Oklahoma |
| Listing VS Median (in 73116) | |
Price: $1,375,000 low | high Med: $324,950 sqft: 14,976 low | high Med: 1,961 $ / sqft: $92 low | high Med: $169 On site: 184 low | high Med: 108.5 | |
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Learn More About This Property
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73116 |
| School District | Oklahoma |
| Listing VS Median (in 73116) | |
Price: $1,375,000 low | high Med: $324,950 sqft: 14,976 low | high Med: 1,961 $ / sqft: $92 low | high Med: $169 On site: 184 low | high Med: 108.5 | |
