31,012 sqft

$2,700,000

3124 N May Avenue, Oklahoma City OK, 73112

Price per sqft$87.06

Built in1955

Property size31,012 sqft

Property typeCommercial

Courtesy of RE/MAX Preferred, Paul Brooks Listing Contact: 405-990-0548

Overview

Active

Listed Apr 10, 2026

Updated 9 days ago

$500,000 Price Improvement! Prime value-add commercial investment and development opportunity on high-traffic North May Avenue. Spanning a full city block from NW 31st to NW 32nd on the northeast side of May, this 31,012 sq. ft. (MOL) neighborhood shopping center offers reliable in-place cash flow paired with outstanding upside. The property features ~11,748 sq. ft. of paved parking plus 1 to 1.2 acres of undeveloped land on the east side—ideal for multifamily, duplexes, or residential rental development. Current Rent Roll & Lease Highlights: Harry’s Grill: $3,700/mo (Leased through May 2027) 3132 / 2840 (Combined Unit): $3,500/mo (Leased through March 2027) 3126 N. May: $3,000/mo (40-year anchor tenant; MTM, desires long-term extension with buyer) 3130 N. May: $2,200/mo (MTM, desires new lease with buyer) 3128 N. May: $1,200/mo (MTM, desires new lease with buyer) 3124 B–C: $900/mo (2-year lease) Current Monthly Gross: $14,500/month ($174,000/year) Value-Add Potential: Several vacant units offer immediate lease-up potential at approximately $1,500/month each, complemented by the surplus land ready for ground-up expansion. Owner Financing Terms Available: Purchase Price: $2,700,000 Down Payment: $1,500,000 (Loan Amount: $1,200,000) Terms: 6.0% interest | 20-year amortization Monthly P&I: $8,597.17 (Buyer responsible for property taxes and insurance) Buyer to verify all information, dimensions, and zoning.

Additional information

MLS^® ID: 1223486

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 5.18 Acres

Other Property Details

Taxes: $21,033
Tax Frequency: Annually
Association Fee Frequency: Yearly

Listings courtesy of MLSOK, Inc. as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Rhonda Bratton shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:30 AM UTC on 10/2/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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