About This Home

This 0-bedroom, 0-bathroom commercial at 3124 N May Avenue in Oklahoma City, OK is listed for $2,700,000 ($87 per sqft). Built in 1955, the home offers 31,012 sqft of living space on a 5.18 acres lot.

Key Features

  • Built in 1955
  • 5.18 acre lot

Property Details

1 story
1955
Listing Description

6% Owner Carry Asset(Terms apply) with 1 Acre Development Site + 20% Immediate Value-Add Upside Bypassing current 8% plus bank rates, this $2.7M retail center features an incredible 6% owner-carry note that delivers $6,200/month in net cash flow from day one at just 80% occupancy.

Current leases gross $14500 per month if you choose the owner carry option the P&I would be $8597.17 per month making gross cash flow of $5902.83. This is a one of a kind opportunity and would make a great addition to any portfolio. 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.

Monthly Cost Estimate

$14,440/mo

20% down · 6.5% · 30 years

Principal$1,953
Interest$11,700
Insurance$788

Estimates only. Actual payments may vary.

Location

3124 N May Avenue

Oklahoma City, OK 73112

Property Details

Construction

Brick Brick & Frame

Heating

CentralNatural Gas

Cooling

Electric

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 3124 N May Avenue is listed at $2,700,000 ($87/sqft). The estimated monthly payment is $14,441 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1955, 5.18 acre lot.

This property is listed by Paul Brooks.

PB

Paul Brooks

Agent at Askin Group LLC

Listed by Askin Group LLC · Broker phone: (405) 751-4848 · View on Broker Site · Broker website

MLS# 1223486· Source: MLSOK, Inc.· 204 days on PropertySimple

Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3124 N May Avenue, Oklahoma City, OK 73112

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