$2,700,000
( $87.06Per Sq Foot )
 $16,188 est/mo Sourced by Back At You

3124 N May Avenue,Oklahoma City, OK 73112

Oklahoma City, OK 73112

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Description

$500,000 Price Improvement! Prime value-add commercial investment and development opportunity on high-traffic North May Avenue. Spanning a full city block from NW 31st to NW 32nd on the northeast side of May, this 31,012 sq. ft. (MOL) neighborhood shopping center offers reliable in-place cash flow paired with outstanding upside. The property features ~11,748 sq. ft. of paved parking plus 1 to 1.2 acres of undeveloped land on the east side-ideal for multifamily, duplexes, or residential rental development. Current Rent Roll & Lease Highlights:Harry's Grill: $3,700/mo (Leased through May 2027)3132 / 2840 (Combined Unit): $3,500/mo (Leased through March 2027)3126 N. May: $3,000/mo (40-year anchor tenant; MTM, desires long-term extension with buyer)3130 N. May: $2,200/mo (MTM, desires new lease with buyer)3128 N. May: $1,200/mo (MTM, desires new lease with buyer)3124 B-C: $900/mo (2-year lease)Current Monthly Gross: $14,500/month ($174,000/year)Value-Add Potential:Several vacant units offer immediate lease-up potential at approximately $1,500/month each, complemented by the surplus land ready for ground-up expansion.Owner Financing Terms Available:Purchase Price: $2,700,000Down Payment: $1,500,000 (Loan Amount: $1,200,000)Terms: 6.0% interest | 20-year amortizationMonthly P&I: $8,597.17 (Buyer responsible for property taxes and insurance) Buyer to verify all information, dimensions, and zoning.

Details

MLS #1223486
Listing TypeFor Sale
StyleShopping Center
Sub-TypeResale
StatusActive
Year1955
Days On Site198
Listing Provided ByRE/MAX Preferred | Paul Brooks

Features

SQ Feet31,012
Story(s)1
Acreage5.18

Interior

HeatingNatural Gas

Parking

Parking FeaturesAdditional Parking, Asphalt, Concrete

Taxes

Okc Tax Amount21033.4700
Tax Block1-3 & N 55ft 4
Tax Lot000

Area Information

StateOK
CountyOklahoma
CityOklahoma City
Zip Code73112
School DistrictOklahoma
Listing VS Median (in 73112)
Price:
$2,700,000
low | high
Med:
$217,500
100% of Average
sqft:
31,012
low | high
Med:
1,588
100% of Average
$ / sqft:
$87
low | high
Med:
$147
18.55193398473% of Average
On site:
198
low | high
Med:
81
100% of Average
Sourced by Back At You

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By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Select at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
Copyright 2026 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy, or authenticity of the data contained herein. Information is subject to transcription and transmission errors and is provided “as is”. All information, including but not limited to property square footage and lot size, zoning, and fitness for a particular purpose is subject to inaccuracies and should be independently verified through personal inspection and/or consultation with appropriate professionals. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. 

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Learn More About This Property

Coldwell Banker Select OKC

Coldwell Banker Select OKC

 (405) 745-8300leads@cbtulsa.com
StateOK
CountyOklahoma
CityOklahoma City
Zip Code73112
School DistrictOklahoma
Listing VS Median (in 73112)
Price:
$2,700,000
low | high
Med:
$217,500
100% of Average
sqft:
31,012
low | high
Med:
1,588
100% of Average
$ / sqft:
$87
low | high
Med:
$147
18.55193398473% of Average
On site:
198
low | high
Med:
81
100% of Average
Sourced by Back At You
Listing Updated: October 1, 2026 at 1:20:53 PM PDT

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Coldwell Banker Select OKC
8100 N. May Ave
Oklahoma City, OK 73120
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Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Select Management Group, LLC fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.

Copyright 2026 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy, or authenticity of the data contained herein. Information is subject to transcription and transmission errors and is provided “as is”. All information, including but not limited to property square footage and lot size, zoning, and fitness for a particular purpose is subject to inaccuracies and should be independently verified through personal inspection and/or consultation with appropriate professionals. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. 
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