# 3124 N May Avenue, Oklahoma City, OK 73112

> **TL;DR:** commercial, $2,700,000 ($87/sqft), built 1955, 31,012 sqft. Est. $14,441/mo. Listed 206 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,700,000 |
| Price/sqft | $87 |
| Square Feet | 31,012 |
| Year Built | 1955 |
| Lot Size | 225,641 sqft (5.18 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 206 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $13,653 |
| Estimated Insurance | $788 |
| **Total** | **$14,441** |

## Property Highlights

- Built in 1955
- 5.18 acre lot

## Description

### Agent 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.

## Location

- **Address:** 3124 N May Avenue, Oklahoma City, OK 73112
- **County:** Oklahoma
- **Coordinates:** 35.501572, -97.565069
- **Google Maps:** https://www.google.com/maps?q=35.501572,-97.565069

## Listing Agent

- **Name:** Paul Brooks
- **Brokerage:** Askin Group LLC
- **Broker Phone:** (405) 751-4848
- **Listing URL:** [View original listing](http://remax-preferred-ok.com/remaxok/modules/internet/search/includes/mapsearch/listingpopup.asp?mlsid=621&mlsnumber=1223486&l=y)

## Photos

![3124 N May Avenue - Photo 1](http://lh.rdcpix.com/51c17a57f352d06c1daada8c10e08c3el-f2621142792r.jpg)

![3124 N May Avenue - Photo 2](http://lh.rdcpix.com/51c17a57f352d06c1daada8c10e08c3el-f2351154877r.jpg)

![3124 N May Avenue - Photo 3](http://lh.rdcpix.com/51c17a57f352d06c1daada8c10e08c3el-f3943640579r.jpg)

![3124 N May Avenue - Photo 4](http://lh.rdcpix.com/51c17a57f352d06c1daada8c10e08c3el-f2131651153r.jpg)

---

**MLS#:** 1223486 | **Updated:** 2026-10-29
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/3124-n-may-avenue-oklahoma-city-ok-73112-0e7bceb46b0a4e3ba954f4924247d7bb)

---

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