List Search

701 S Kelly Ave
Edmond, OK 73003 Edmond

$2,500,000 USD

General Retail For Sale  •  6,750 SF

Property Details

  • Property Type General Retail
  • Total Building Size 6,750 SF
  • Lot Size 0.87 AC
  • Building Class C
  • Year Built 1984
  • Cap Rate 6.04 %
  • Tenancy Multiple
  • Zoning Commercial
0 Transit Score
62 Walk Score

Description

Built in 1984, this retail strip center is located at the cross-street intersection of Kelly Ave and 7th St and consists of four retail spaces, three of which are currently tenant-occupied. A total facelift was done September 2025.

Highlights

This property has exposure to heavy traffic and retail area.
Located at four-way stop light with easy access to Broadway Extension and Kilpatrick Turnpike.
Good location for Owner/Occupied Cannabis dispensary and facility.
Updated AC, Plumbing and Electrical
New Roof
Updated Exterior

Financial Summary (Proforma)

Net Operating Income: $99,244 USD (2022)
Cap Rate: 6.04 %
Total Expenses: $12,356 USD

Major Tenants

Tenant SF Occupied Lease End Date
Christ Thrift Store 3,900 SF 5/16/2027
Crystal massage. 1,250 SF 11/30/2021
DMG Enterprises 1,250 SF

Amenities

  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Will Rogers World 36 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 22
Type: Surface
Included in Rent: Yes
Darren Gossett 405-245-1094 DMG Enterprises
Darren Gossett 405-245-1094 DMG Enterprises