900 E Prospect Ave - Storefront FOR SALE


Ponca City, OK 74601
$1,675,000 USD
405-823-3026
900 E Prospect Ave, Ponca City, OK for Sale
$1,675,000 USD
Storefront - FOR SALE
1/9
null | 7.44% Cap Rate

900 E Prospect Ave
Ponca City, OK 74601


HIGHLIGHTS

  • 100% Occupied
  • Stabilized Tenant Base
  • Heavily Traveled Retail Corridor

OVERVIEW

This 100 percent (100%) occupied retail center has 12,160 square feet with a stabilized tenant base. Some of the tenants are paying below market rents so there exists an opportunity to raise rents upon lease renewal. The majority of the tenants have occupied their spaces for over 10 years. The property offers a good mix of tenants with both national and local retailers in place. The property fronts East Prospect Street and is adjacent to Aldi. The property is on a heavily traveled retail corridor and is surrounded by national retailers including a Walmart Supercenter, Atwoods, Tractor Supply, Chili's, Hobby Lobby, Burger King and Schloltzsky's.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

7.44%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

3.68 AC

LAND SF

160,301 SF

ZONING

C1-C

APN/PARCEL ID

1990-15-026-02E-1-020-00,1990-15-026-02E-1-022-00

ASK ABOUT THIS PROPERTY

Greg BantaBANTA Property GroupMore Info
405-823-3026

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Greg BantaBANTA Property GroupMore Info
405-823-3026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.