New Listing
3401 S Peoria Avenue,Tulsa, OK 74105
Tulsa, OK 74105
Description
Rare opportunity to acquire a fully occupied retail investment in the heart of Brookside, one of Tulsa's most established and sought-after retail and dining districts. Positioned along this high-traffic corridor, the property benefits from exceptional visibility, convenient access, and a strong mix of surrounding restaurants, retailers, and neighborhood amenities. The 18,522-square-foot (AP) center sits on approximately 1.17 acres and is 100% occupied, providing immediate and diversified cash flow at an attractive 7.0% going-in cap rate. The tenant roster includes a mix of established operators, and two tenants have recently executed new 10-year leases, further strengthening the property's long-term income profile. In addition to its stabilized income, the property offers meaningful value-add potential through the development of approximately 2,800 additional square feet of retail space, creating an opportunity to increase NOI and enhance the investment's overall yield. Approximately 80 on-site parking spaces provide a significant competitive advantage in Brookside's highly walkable but parking-constrained trade area.A combination of stabilized cash flow, long-term tenancy, irreplaceable Brookside positioning, and identifiable development upside makes this a compelling Tulsa retail investment opportunity.
Details
| MLS # | 2636498 |
|---|---|
| Listing Type | For Sale |
| Style | Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 3 |
| Listing Provided By | Chinowth & Cohen | Trevin Hoffman |
Features
| SQ Feet | 18,522 |
|---|---|
| Zoning | CH |
| Acreage | 1.17 |
Parking
| Parking Features | Assigned, Parking Spaces, On Street |
|---|
Taxes
| Tax Annual Amount | 69164 |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | OK |
|---|---|
| County | Tulsa |
| City | Tulsa |
| Zip Code | 74105 |
| Community Name | Olivers addn |
| Listing VS Median (in Olivers addn) | |
Price: $6,150,000 low | high Med: $597,450 sqft: 18,522 low | high Med: 1,875 $ / sqft: $332 low | high Med: $323 On site: 3 low | high Med: 43 | |
Market Activity 74105
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Learn More About This Property
| State | OK |
|---|---|
| County | Tulsa |
| City | Tulsa |
| Zip Code | 74105 |
| Community Name | Olivers addn |
| Listing VS Median (in Olivers addn) | |
Price: $6,150,000 low | high Med: $597,450 sqft: 18,522 low | high Med: 1,875 $ / sqft: $332 low | high Med: $323 On site: 3 low | high Med: 43 | |