Prime Development Opportunity in Oklahoma City, OK – This vacant lot is strategically positioned at the high-traffic intersection of Interstate 35 (116,259 vehicles per day) and Interstate 240 (106,000 vehicles per day), providing exceptional visibility and access. Located just 20 minutes from both Downtown Oklahoma City and Will Rogers World Airport, this property is ideally suited for a range of commercial applications. The site, previously home to a 50,000 sqft, 120-room hotel, has been fully cleared and is ready for development. It offers a blank canvas for customization, allowing you to tailor it to suit various potential uses in a robust and rapidly expanding market. Oklahoma City is the 6th fastest-growing city in the U.S., with major projects underway, including the Oak OKC and Okana Resort, along with proposed developments like the Bricktown Boardwalk and a new arena for the Oklahoma City Thunder. This prime location offers easy access to these key developments, presenting substantial opportunities for occupancy and revenue. Currently no signage on location.
Check out this prime opportunity for someone looking to build a custom home in a desirable location. The lot is located in beautiful Cambria Heights, within the Edmond School district, which is a key selling point given the reputation of Edmond schools. The minimum home size of 1,800 sq ft allows for flexibility in design, while the neighborhood trend of homes averaging around 2,800 sq ft suggests a community of larger, well-built residences. The allowance for detached shops, garages, or outbuildings up to 1,200 sq ft is also attractive for buyers with additional storage or hobby space needs. However, the requirement that these structures blend with the neighborhood ensures a cohesive aesthetic. It's also important to note that livestock is not permitted, so this lot would be better suited for someone seeking a suburban lifestyle without agricultural uses. Overall, it’s a great spot for a custom build in a well-established community.
The median home value in Oklahoma City, OK is $187,700. This is lower than the county median home value of $193,400. The national median home value is $338,100. The average price of homes sold in Oklahoma City, OK is $187,700. Approximately 54% of Oklahoma City homes are owned, compared to 36.04% rented, while 9.97% are vacant. Oklahoma City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Oklahoma City real estate agent to arrange a tour today!
Oklahoma City, Oklahoma 73149 has a population of 673,183. Oklahoma City 73149 is less family-centric than the surrounding county with 30.08% of the households containing married families with children. The county average for households married with children is 30.67%.
The median household income in Oklahoma City, Oklahoma 73149 is $59,679. The median household income for the surrounding county is $58,239 compared to the national median of $69,021. The median age of people living in Oklahoma City 73149 is 34.9 years.
The average high temperature in July is 92.9 degrees, with an average low temperature in January of 27.1 degrees. The average rainfall is approximately 35.6 inches per year, with 5.8 inches of snow per year.