1 Pad Site | 0.93 Acres for Retail/ Office | 2722 E 93rd St
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1 Pad Site | 0.93 Acres for Retail/ Office 2722 E 93rd St
0.93 Acres of Commercial Land Online Auction Sale Tulsa, OK 74137
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Investment Highlights
- One raw land pad site offering 0.93 acres ready for commercial development.
- Developer's opportunity to tap into a well-established residential node of Tulsa with demand ready to serve office and/or retail operations.
- Other surrounding commercial establishments include Equity Bank, Walmart Neighborhood Market, UPS, Dollar Tree, Kohl’s, and more.
- About 20 minutes south of Downtown Tulsa, a prime retailer and restaurant growth area with easy access to Creek Turnpike and Riverside Parkway.
- On the left of E 93rd Street's cul-de-sac road leading to The Village at Crown Woods Apartments, a 389-unit multifamily complex.
- Surrounding 5-mile demographics confirm an annual consumer spending surpassing $2.3 billion and a population of 177,406.
Executive Summary
Walman Commercial Real Estate Services is pleased to present the commercial development opportunity of the raw land pad site south of Downtown Tulsa at 2722 E 93rd Street. Adjacent to the Arkansas River and on the left side of the E 93rd Street cul-de-sac, the site measures 0.93 acres, ready for retail or office development. The pad site is behind a local family dentistry and in front of The Village at Crown Woods Apartments. The 389-unit complex provides a significant built-in consumer base for future site operations. This offering is in a prime retail and restaurant growth area off Creek Turnpike and Riverside Parkway. The site is significantly flexible with CS commercial zoning.
Tulsa is in the northeast plains of Oklahoma. It is a historic city home to nearly a half-million people on the banks of the Arkansas River. Tulsa's well-developed, tree-lined cityscape offers plenty of shopping centers, national retailers, and outdoor recreational spots. Helmich Park, along the Arkansas River, Tulsa Zoo, Redbud Valley Nature Preserve, and the 26-mile Turkey Mountain Urban Wilderness trail are some of the local go-to spots. Heading north to the downtown area is a breeze via Riverside Parkway, and the Tulsa Transit system is also a highly used option. Interstate 44 sits north of the area and provides connections to Oklahoma City and Springfield, Missouri. Tulsa International Airport is approximately 15 miles northeast and offers 22 nonstop destinations. The subject site is nestled among the South Delaware Avenue retail corridor, home to Riverside Market, anchored by Kohl's and Dollar Tree, Peloton Center, Kings Landing, the Delaware Center, and Riverside Crossing. Key tenants in the corridor include Starbucks, The Home Depot, Domino's, Sherwin-Williams, Petco, Five Guys, Outback Steakhouse, Red Robin, and more.
The subject site’s 5-mile demographics include a local population of 177,406 and annual consumer spending of more than $2.3 billion; the average household income is shy of $97,800, and the median home value is $265,842. Of the 91,215 daytime employees, education and health services, leisure and hospitality, and trade transportation and utilities retain the largest industries per headcount. The South-Central Tulsa retail submarket rents are around $15.90/square foot and the office submarket sees roughly $18.20/ square foot.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Tulsa is in the northeast plains of Oklahoma. It is a historic city home to nearly a half-million people on the banks of the Arkansas River. Tulsa's well-developed, tree-lined cityscape offers plenty of shopping centers, national retailers, and outdoor recreational spots. Helmich Park, along the Arkansas River, Tulsa Zoo, Redbud Valley Nature Preserve, and the 26-mile Turkey Mountain Urban Wilderness trail are some of the local go-to spots. Heading north to the downtown area is a breeze via Riverside Parkway, and the Tulsa Transit system is also a highly used option. Interstate 44 sits north of the area and provides connections to Oklahoma City and Springfield, Missouri. Tulsa International Airport is approximately 15 miles northeast and offers 22 nonstop destinations. The subject site is nestled among the South Delaware Avenue retail corridor, home to Riverside Market, anchored by Kohl's and Dollar Tree, Peloton Center, Kings Landing, the Delaware Center, and Riverside Crossing. Key tenants in the corridor include Starbucks, The Home Depot, Domino's, Sherwin-Williams, Petco, Five Guys, Outback Steakhouse, Red Robin, and more.
The subject site’s 5-mile demographics include a local population of 177,406 and annual consumer spending of more than $2.3 billion; the average household income is shy of $97,800, and the median home value is $265,842. Of the 91,215 daytime employees, education and health services, leisure and hospitality, and trade transportation and utilities retain the largest industries per headcount. The South-Central Tulsa retail submarket rents are around $15.90/square foot and the office submarket sees roughly $18.20/ square foot.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
| Property Type | Land | Total Lot Size | 0.93 AC |
| Property Subtype | Commercial | Sale Conditions | Auction Sale |
| Sale Type | Investment |
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 0.93 AC |
| Sale Conditions | Auction Sale |
1 Lot Available
Lot
| Lot Size | 0.93 AC |
| Lot Size | 0.93 AC |
One raw land commercial pad site offering 0.93 acres ready for commercial development.
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 74281-83-20-13350 | Improvements Assessment | £0 |
| Land Assessment | £26,662 | Total Assessment | £26,662 |
PROPERTY TAXES
Parcel Number
74281-83-20-13350
Land Assessment
£26,662
Improvements Assessment
£0
Total Assessment
£26,662
zoning
| Zoning Code | CS |
| CS |
Sale Advisor
Sale Advisor
Steve Walman, Owner/Managing Broker
(918) 481-8888
Contact
Steve Walman is the Managing Broker of Walman Commercial Real Estate Services, L.L.C., specializing in retail commercial real estate services in the Tulsa Metro Area. Steve has over 25 years experience in leasing and development of shopping centers including projects in Seattle WA, Portland OR, and the Tulsa Metro Area.
For 8 years, Steve was involved with new project leasing and site development for national development companies; Zaremba Corporation and Pan Pacific Development. Upon returning to Tulsa, Steve was an Associate Broker and Partner at a local brokerage company until starting Walman Commercial Real Estate Services in 2002.
With a reputation for experience, expertise and integrity in the commercial real estate industry, Steve offers a proven track record in all aspects of retail development, leasing, sales and site selection for national and regional tenants. Steve attended the University of Oklahoma and holds a Bachelor of Science in Business Administration and Marketing. Steve’s ongoing mission for himself and the company is to provide superior representation and performance in all areas of service to our clients.
For 8 years, Steve was involved with new project leasing and site development for national development companies; Zaremba Corporation and Pan Pacific Development. Upon returning to Tulsa, Steve was an Associate Broker and Partner at a local brokerage company until starting Walman Commercial Real Estate Services in 2002.
With a reputation for experience, expertise and integrity in the commercial real estate industry, Steve offers a proven track record in all aspects of retail development, leasing, sales and site selection for national and regional tenants. Steve attended the University of Oklahoma and holds a Bachelor of Science in Business Administration and Marketing. Steve’s ongoing mission for himself and the company is to provide superior representation and performance in all areas of service to our clients.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial property. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
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Steve Walman -
Walman Commercial Real Estate Services
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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1 Pad Site | 0.93 Acres for Retail/ Office | 2722 E 93rd St
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