This riverfront property is strategically located just minutes from the Oklahoma River Trails, offering biking, jogging, and cycling access, along with direct skyline views of downtown Oklahoma City. The site is within 5 to 10 minutes of Oklahoma City’s most active destinations, including the Arts District, Farmers Market, city parks, water parks, River Rapids, theme parks, historic attractions, hotels, restaurants, local bars, and major entertainment venues such as NBA Thunder games, live theater, concerts, and the philharmonic orchestra—making this one of the most centrally located and lifestyle-oriented development sites in the metro.
The property is ideally suited for multifamily, condominium, or mixed-use development under the proposed Planned Unit Development (PUD) zoning. Offered at $18.00 per square foot, the site is competitively priced and provides strong upside potential for developers seeking either long-term income generation or future value appreciation, particularly given its location within a rapidly growing corridor of Oklahoma City.
LOCATION , LOCATION, LOCATION This property is geographically located in one of the fastest growing up-and-coming OKC areas in Oklahoma city . The subject property is located an estimated 10 minutes drive to the following destinations referenced below :
1) Downtown low rise and high-rise office district (4.5 minute drive)
2) Daily Farmers Market (“Offering Organic Fresh fruit and vegetables Daily “) (3 minute drive 6.5 minute walk )
3) OKC River Front walking, jogging, cycling , biking trail (3.5 minute walk 2 minute bike ride)
4) OU River Boat excursion Ticket desk and Docs, loading ramps (3.5 minute walk 2 minute bike ride)
3) Over 25 restaurants (4 up to 10 minute drive)
4) Over 15 Hotels (5.2 up to 10 minute drive)
4) Art Plaza District (7 minute drive)
5) Film Row District (5 minute drive)
6) Scissortail park (5 minute drive)
7) Midtown (6 minute drive via Classen Blvd)
8) Bricktown (6.5 minute drive)
9) Botanical Gardens (5 minute drive)
10) NBA Thunder Dome arena (Paycom Center) (6.8 minute drive)
11) Boat houses , water park, river rapids, zip lining, rock climbing, recreational parks (7 minute drive)
This subject property is also in the OKC empowerment zone that offers corporations and companies with employment that qualify possible incentives as follows:
1) Millions in tax breaks and benefits. Businesses are cashing in. Many area firms have laid claim to thousands of dollars in federal tax breaks on employee wages - and you can too.
2) WHAT: Oklahoma City's Empowerment Zone (EZ) is a federally designated area created to promote public-private collaboration and stimulate job growth. It's a pool of tax breaks and incentives for businesses and employees in the Zone.
3) Wage Credits: Tax credits of up to $3,000 per year for each qualified EZ employee - newly hired or already on the payroll - who lives and works in the EZ.
4) Bond Financing: Tax-exempt facility bonds to finance property, equipment and site development.
5)Tax Deductions: Increased expensing deductions - up to $35,000 for depreciable assets acquired this year.
6) Capital Gains: Zero percent and non-recognition of gain on sale of assets, or partial exclusion of gain from sale of EZ stock.
WHERE: The Empowerment Zone includes most of downtown OKC, extending roughly three to five miles north and south of I-40 and east and west of I-235.
Ed Martin
Cambridge Commercial Properties
