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Almonte Shopping Center 2906-2962 SW 59th St

111,257 SF 68% Leased Retail Building Oklahoma City, OK 73119 £4,852,052 (£44/SF) 10.83% Net Initial Yield

Investment Highlights

  • 111,257-square-foot retail property.
  • Opportunities to lease the remaining vacancies, which include a 30,000-square-foot box and several smaller shop spaces.
  • 67% Occupied
  • Offering significant upside potential.
  • There is potential to sell or ground lease the pad site and increase rents to market rates.

Executive Summary

Almonte Shopping Center is a 111,257-square-foot retail property located at the corner of SW 59th St and S May Ave in Oklahoma City, OK. Offering significant upside potential, the center is priced at a low $54 per square foot and presents opportunities to lease the remaining vacancies, which include a 30,000-square-foot box and several smaller shop spaces. Additionally, there is potential to sell or ground lease the pad site and increase rents to market rates.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
111,257 SF
Building Class
C
Year Built
1964
Price
£4,852,052
Price Per SF
£44
Net Initial Yield
10.83%
NOI
£525,477
Percent Leased
68%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.21
Lot Size
12.31 AC
Parking
810 Spaces (7.28 Spaces per 1,000 SF Leased)
Frontage
1,000 ft on 59th

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2946
  • 5,856 SF
  • Retail
  • In-Line
  • Now

This space is ideally adjacent to Family Dollar, offering strong foot traffic, ample parking and easy access.

  • 2956
  • 30,107 SF
  • Retail
  • In-Line
  • Now

Located on the S/W corner of SW 59th & S M ay Ave. • I-44 / Will Roger Expressway conveniently located 0.6 miles to the west • High visibility • Space delivered in newly white box condition This southside community shopping center has recently been purchased by new ownership group and are eager to welcome new Tenants.

Space Size Space Use Position Available
2946 5,856 SF Retail In-Line Now
2956 30,107 SF Retail In-Line Now

2946

Size
5,856 SF
Space Use
Retail
Position
In-Line
Available
Now

2956

Size
30,107 SF
Space Use
Retail
Position
In-Line
Available
Now

2946

Size 5,856 SF
Space Use Retail
Position In-Line
Available Now

This space is ideally adjacent to Family Dollar, offering strong foot traffic, ample parking and easy access.

2956

Size 30,107 SF
Space Use Retail
Position In-Line
Available Now

Located on the S/W corner of SW 59th & S M ay Ave. • I-44 / Will Roger Expressway conveniently located 0.6 miles to the west • High visibility • Space delivered in newly white box condition This southside community shopping center has recently been purchased by new ownership group and are eager to welcome new Tenants.

Nearby Major Retailers

Planet Fitness
Chase Bank
Waffle House
ALDI
Olive Garden Italian Kitchen
Outback Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
140831010
Land Assessment
£108,363
Improvements Assessment
£54,450
Total Assessment
£162,813
  • Listing ID: 34226683

  • Date on Market: 17/12/2024

  • Last Updated:

  • Address: 2906-2962 SW 59th St, Oklahoma City, OK 73119

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