Map of Property

Lakehurst Shopping Center

For Sale

7919 N May Ave, Oklahoma City, OK 73120

This Oklahoma City property for sale is located at 7919 N May Ave. The general use of Lakehurst Shopping Center is retail and it incorporates 18,140 square feet of class C retail space. The current listed sale price for Lakehurst Shopping Center is $2,600,000. Lakehurst Shopping Center is situated on a lot that is 1.29 acre in size.

Contacts

broker

Casey Massegee

The Grant Group

Property Details

  • Property Type Retail
  • Property Size 18,140 SF
  • Units 9
  • Lot Size 1.29 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1980
  • Date Updated Nov 18, 2024
Lakehurst is located in a phenomenal location near the intersection of Wilshire and May and boasts traffic counts in excess of 20,500 vpd.Lakehurst Shopping Center provides an investor with a great opportunity to acquire a well maintained shopping center near the coveted Nichols Hills area. Although the center has recently encountered some vacancy, the property has a proven track record of historically high occupancy over the years. Additionally, the average lease rate for the property is below market at only $12.75/ft providing immediate upside with little to no effort as the current leases expire. Market comparables show the average lease rate in the area at $15/ft. Overall, the property is in great condition and has recently received new TPO roofs on both buildings and nearly all HVAC's have been replaced over the last few years providing a new investor with peace of mind with regards to capital expenditures.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Phenomenal Location near Nichols Hills
  • New TPO roofs on both buildings
  • Almost all HVAC's have been replaced
  • Historically stable asset

Getting around

  • 68/100

    Walk Score ®

  • 53/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Oklahoma City, OK
  • Neighborhood Lakehurst
  • Zip Code 73120
  • Market Oklahoma City

Points of Interest

  • Dewey Avenue

    5.59 miles

  • North Hudson

    5.65 miles

  • Midtown

    5.75 miles

  • Art Park

    5.79 miles

  • Northwest 10th Street

    5.83 miles

  • Law School

    6.02 miles

  • Automobile Alley

    6.03 miles

  • Transit Center

    6.16 miles

  • Memorial Museum

    6.21 miles

  • Federal Courthouse

    6.23 miles

  • Conoco

    0.52 miles

  • OnCue

    1.59 miles

  • Oncue

    1.92 miles

  • Shell

    2.08 miles

  • Love's

    2.15 miles

  • 7-Eleven

    2.20 miles

  • Valero

    2.22 miles

  • CNG

    2.66 miles

  • Tesla Supercharger

    4.10 miles

  • Golf Cart Parking

    0.93 miles

  • Torks Parking

    1.34 miles

  • Penn Square Mall Multi-Story Parking

    2.27 miles

  • Chesapeake Central Park

    2.41 miles

  • Chesapeake Car Park 1

    2.53 miles

  • Chesapeake Car Park 2

    2.58 miles

  • Chesapeake Car Park 3

    2.62 miles

  • Chesapeake Car Park 4

    2.72 miles

  • Andy B's Bowl Social

    2.91 miles

  • Crown Heights Christian Church Parking

    3.41 miles

  • Luigi's Pizza

    0.05 miles

  • Pizza Hut

    0.08 miles

  • Tropical Smoothie Cafe

    0.12 miles

  • Chapala Family Mexican Cuisine

    0.13 miles

  • Dickey's Barbeque Pit

    0.13 miles

  • Sonic

    0.20 miles

  • Vito's Ristorante

    0.23 miles

  • Domino's

    0.26 miles

  • Belle Kitchen

    0.37 miles

  • Shake This

    0.38 miles

  • May-Grand Shoppes

    0.27 miles

  • Buthion Fine Food & Wine

    0.46 miles

  • Homeland

    0.83 miles

  • Sprouts Farmers Market

    1.01 miles

  • Uptown Market

    1.12 miles

  • Big Lots

    1.13 miles

  • Walmart Neighborhood Market

    1.40 miles

  • Gordman's

    1.46 miles

  • Pruett's Food

    1.49 miles

  • Target

    1.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Casey Massegee

The Grant Group