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Improved Mixed-Use Land for Sale in Oklahoma City, Oklahoma

3124 N May Ave, Oklahoma City, OK 73112

$3,200,000
5.18 acres
Active sale
$700k drop
Est $18,430/mo

Great price improvement!!! An opportunity that has so many possibilities. Shopping center is 31,012 sqft(mol)under 1 roof with many longtime tenants and leases in place. Several large units are empty and can be developed or leased out to a litany of tenants. Your imagination is your only limitation. Approx 11,748 of blacktop which provides plenty of parking for the entire Neighborhood Shopping Center. The property runs from Nw. 31st and May to Nw. 32nd and May on the Ne side of the street. East side of property has 1 to 1.2 acre of vacant land perfect to develop small apartment complex, duplex or rental units. he owner carry side is $3.2 mil sales price $1.7 Mil down at 6% for 20 year note payment would be $10846.00 per month principal and interest and obviously the new owner would have to carry property insurance and pay the property taxes. Current tenant info 3124 B-C are small units total of $900 per month on a 2 year lease. Harry's Grill pays $3700 per month through May 2027 3132/2840 combined unit pays $3500 per month through March of 2027 3130 N. May pays $2200 per month on a month to month lease but they want to resign when its purchased with the new owner. 3128 N. May pays $1200 month to month but wants to sign a new lease with new owner. 3126 N. May pays $3000 per month on a month to month. THey have been there 40 years and want to sign a new lease with the new owner. Total right now monthly is $14,500. There are a couple of vacancies that would lease in the $1500 per month range. *Buyer to verify all info and zoning*

31,012
Sq feet
1955
Built

Location

Street address
3124 N May Ave
Zip code
73112
Elevation
1,193 feet
Coordinates
35.5016, -97.5651

Directions

Ne corner of Nw. 31st and May Avenue

Property details

Acreage
5.18 acres
Zoning
Commercial
MLS #
OCMAR 1223486
Posted

Parcels

  • 3124NMay73112

Details and features

Listing

Type
Residential
Franchise
RE/MAX International

Structure

Stories
1
Water
Public
Sewer
Public Sewer
Heating
Natural Gas
Cooling
Central Air, Electric
Materials
Brick, Brick & Frame

Property utilities

CategoryTypeStatus
GasNatural GasConnected

Listing history

DateEventPriceChangeSource
June 2, 2026Price drop$3,200,000$700,000 -17.9%OCMAR
Apr 10, 2026New listing$3,900,000OCMAR
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This 5.18-acre property is located at 3124 N May Ave in Oklahoma City, OK 73112. The property is available for sale, priced at $3,200,000. It has a 31,012 square foot structure built in 1955.

Listed by RE/MAX Preferred, (405) 751-4848

Checked 2 hours agoUpdated

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