OKLAHOMA CITY MSA MIXED-USE DEVELOPMENT SITE

Description

OKLAHOMA CITY MSA MIXED-USE DEVELOPMENT SITE
14.27-Acre Site Featuring Excellent Access to Employers, Retail, Medical, and Major Arterials

Newmark is pleased to offer a unique turnkey development opportunity adjacent to employers, retail, medical, and major arterials. Located a short drive from the Oklahoma City Central Business District, the subject acreage features approximately 14.27 acres ideal for mixed-use development. The parcel has been cleared and ready for development, with broad entitlements under PUD 1827 and third-party reports completed.

EXCEPTIONAL SHOVEL-READY LOCATION
– Attractive Mixed-Use site the high-growth Oklahoma City MSA
– Fully surveyed with completed Phase I Environmental, Subsurface Assessment, and stormwater detention
– Traffic access and utilities adjacent to property
– Most uses entitled under PUD 1827, including multifamily, commercial, retail, restaurant, and office
– Short commute times to preeminent aviation, retail, manufacturing, and logistics employers, including Amazon, Canoo, Hobby Lobby Headquarters, and the FAA’s Mike Monroney Aeronautical Center
– 3.0% Oklahoma City MSA unemployment rate, subject acreage is adjacent to 2.8% average Yukon unemployment rate
– Desirable census tract fundamentals with over 38% Millennial + Gen Z population and high projected 2023-2028 population growth: $400,000+ owner-occupied homes within a 3-mile radius
– Outstanding multifamily fundamentals: Submarket comparable rents average over $1,150 per unit ($1.27 psf) per month
– Easy access to downtown Oklahoma City and the wider MSA via Interstate 40 and connections to Interstate 44 and the Kilpatrick Turnpike

SOUTHWEST CORNER OF NORTHWEST 10TH STREET AND NORTH CZECH HALL ROAD