Midtown Redevelopment Opportunity

429 NW 7th Street Oklahoma City, OK 73102

429 NW 7th Street, Oklahoma City, OK, 73102
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$1,700,000
Last Verified:
Mar 13, 2024

Highlights


Description

Redevelopment opportunity with land for private parking. This gorgeous building is located in Midtown OKC, just off the corner of NW 7th Street and Walker Avenue. The building has retail storefront windows with frontage along NW 7th Street. The large open floor plan, dock high door, drive-in door and patio space allow for many possible uses ranging from retail, restaurant/entertainment, office and industrial. Increasing re-development and the walkability of the area make this a highly visible and accessible location. This property comes with land directly to the north for private parking, which sets this property apart from others.

This gorgeous building is located in Midtown OKC, just off the corner of NW 7th Street and Walker Avenue. The building has retail storefront windows with frontage along NW 7th Street. The large open floor plan, dock high door, drive-in door and patio space allow for many possible uses ranging from retail, restaurant/entertainment, office and industrial. Increasing re-development and the walkability of the area make this a highly visible and accessible location. This property comes with land directly to the north for private parking, which sets this property apart from others.

Midtown is a buzzing, pedestrian-friendly area known for its lively dining scene, with gastropubs, global eateries and American restaurants dishing up burgers and gourmet waffles. Nightlife options range from retro-chic cocktail lounges to upbeat beer halls, including one with a bowling alley and another with live music and food trucks. Indie boutiques sell trendy clothing and designer home decor. Midtown is home to major employers such as, SSM Health Group and buffering the historic neighborhoods Heritage Hills and Mesta Park. This is an energetic area that people are gravitating towards.


Year Built: 1957
Building Size: 8858sq ft
Building Class: B
Lot Size: 0.48 acres


Documents

Sale Brochure
Lease Brochure

Units for Lease

427 NW 7th
Space Available: 2881 SF
Lease Type: NNN

Price Per Sqft/Month: $9.00
429 NW 7th
Space Available: 5672 SF
Lease Type: NNN

Price Per Sqft/Month: $9.00

Map of 429 NW 7th Street, Oklahoma City, OK, 73102

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.