West Downtown Investment Opportunity
1404 NW 1st St
Oklahoma City, OK 73106
Highlights
- Outside Broker protected. 3% Commision paid.
- 3,395 SF office building
- 1.6 Acres of undeveloped land
- Emerging area with high end homes and entertainment
- Easy access to I-40 & I-235
Description
This property offers the opportunity for an owner user or investor to maximize the existing improvements, specifically the 3,395 SF office building at the corner of NW 1st and McKinley (zoned C-3). The building has a healthy parking ratio of 6.2:1000. The interior includes multiple private offices, a boardroom, breakroom and reception. Most notably and unexpected, the building has stunning terrazzo floors throughout. There are two natural entry points to the building and an ideal location to split the building into two roughly equal sized units, if desired. The property will be delivered vacant.
The undeveloped land sits on the both the north and south side of NW 1st Street with a mix of R-3 and I-2 zoning. This area has seen considerable interest from individuals and developers who have built luxury modern homes. The highest and best use for this undeveloped land is likely single family or multi-family housing.
This property is located just west of the exciting West Village District of Oklahoma City. The area has seen tremendous change over the last few years with the closing and demolition of long-time industrial sites, such as Purina Mills and Arwood Industries. In response to these changes, exciting new developments have sprung up offering retail, restaurant, and entertainment options. Prime examples are Beer City Music Hall, Edge Craft Barbeque, and Dead People's Stuff. The area's close proximity to downtown, quick access to I-40, and relatively lower prices have prompted the construction of high-end modern single-family homes. This development is exciting and expected to continue as the greater downtown OKC area's future appears bright.
