3124 N May Avenue, Oklahoma City, OK 73112

Property Description

Great price improvement!!! An opportunity that has so many possibilities. Shopping center is 31,012 sqft(mol)under 1 roof with many longtime tenants and leases in place. Several large units are empty and can be developed or leased out to a litany of tenants. Your imagination is your only limitation. Approx 11,748 of blacktop which provides plenty of parking for the entire Neighborhood Shopping Center. The property runs from Nw. 31st and May to Nw. 32nd and May on the Ne side of the street. East side of property has 1 to 1.2 acre of vacant land perfect to develop small apartment complex, duplex or rental units. he owner carry side is $3.2 mil sales price $1.7 Mil down at 6% for 20 year note payment would be $10846.00 per month principal and interest and obviously the new owner would have to carry property insurance and pay the property taxes. Current tenant info 3124 B-C are small units total of $900 per month on a 2 year lease. Harry's Grill pays $3700 per month through May 2027 3132/2840 combined unit pays $3500 per month through March of 2027 3130 N. May pays $2200 per month on a month to month lease but they want to resign when its purchased with the new owner. 3128 N. May pays $1200 month to month but wants to sign a new lease with new owner. 3126 N. May pays $3000 per month on a month to month. THey have been there 40 years and want to sign a new lease with the new owner. Total right now monthly is $14,500. There are a couple of vacancies that would lease in the $1500 per month range. *Buyer to verify all info and zoning*