$1 Auction - REIT Sale | Former Restaurant 5694 W Skelly Dr Local commercial 201 m² À vendre Tulsa, OK 74107 43 072 € (214,54 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 5694 W Skelly Drive, Tulsa, OK 74107 (the “Property”). Formerly occupied by Monterey’s Tex Mex Restaurant, the Property is being offered significantly below replacement cost, creating an exceptional opportunity for owner-users or investors to acquire a highly visible and strategically located asset at a substantial discount. FIRST BID MEETS RESERVE!
Built in 2001, the Property comprises a single-story, free-standing retail building totaling ±2,161 square feet, situated on a ±0.23-acre parcel (±10,000 SF). Positioned as an outparcel to Town West Center anchored by Harbor Freight and Dollar General, the site offers 17 surface parking spaces and boasts ±100 feet of frontage along Skelly Drive along with outstanding freeway visibility from I-44, with exposure to nearly 49,000 VPD. The existing restaurant infrastructure makes the Property ideal for restaurant reuse, retail repositioning, or complete redevelopment. Previously leased on a triple net (NNN) basis, the Property presents a compelling value-add opportunity to re-lease the space at market rents (CoStar estimated retail rents: $17-20/SF NNN). Zoned CH (High Density Commercial District), the site offers highly flexible zoning that accommodates a broad range of retail, service, and commercial uses.
Tulsa is the second-largest city in Oklahoma and serves as a key economic and commercial hub for the northeastern Oklahoma region, offering strong market fundamentals for retailers, service providers, and restaurant operators alike. The Property is strategically located just minutes from downtown Tulsa, with direct frontage along Skelly Dr and immediate visibility from I-44, one of the region’s most heavily traveled corridors. Positioned within an industrial corridor near Amazon and Drillform facilities, the surrounding area features a diverse mix of national/regional retailers, restaurants, hospitality, automotive dealerships, and service providers which drive consistent consumer activity throughout the corridor. Additionally, the Property benefits from proximity to major employment centers and industrial demand drivers. It is located less than ±2-mi from Tulsa’s critical industrial corridor along Southwest Boulevard, home to companies like HollyFrontier Tulsa Refinery, Linde Gas & Equipment, and BNSF Railway facilities, supporting thousands of jobs. The site also enjoys convenient access to downtown Tulsa’s central business district, major medical centers, and higher education institutions such as The University of Tulsa (±3,900 students) and Tulsa Community College (±15,500 students districtwide), all within a ±10-min drive. The surrounding trade area is home to more than 82,500 residents within a 5-mile radius, with an average household income of approximately ±$87,250, offering a strong consumer base to support retail, restaurant and commercial businesses.