4 S Kelly Ave
Edmond, OK 73003 Edmond

$635,000 USD

Land For Sale • 0.4 AC

Property Details

Property Type Land
Lot Size 0.4 AC
Zoning Class A — SFR

60 Walk Score

Description

Three contiguous parcels (Lots 11–15, Block 015, Main Street Addition) on the corner of S Kelly Ave + W Main St in downtown Edmond, OK. 0.4017 acres total. Three 1940s ranch rentals provide $40,200/yr in carry income while a buyer entitles five by-right SFR homes (or 6-8 via PUD/replat). Directly across W Main from Barnett Field Splash Pad. See full Investment Thesis in Sale Notes and the attached Offering Memorandum.

                
                    Highlights
                
                                5 platted lots, by-right SFR — no rezoning required
                            
                                0.4017 ac contiguous; corner exposure on S Kelly + W Main
                            
                                $40,200/yr existing carry income (100% occupied month-to-month)
                            
                                Splash-pad frontage — irreplaceable park-adjacent location
                            
                                Same-subdivision land comp at $30.36/SF (612 W 2nd, Apr 2024)
                            
                                Adjacent finished SFR (727 & 731 W Main) trading $379K–$500K