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CORNER LOT-Parking-Showroom-WH-NEW ROOF 1615 N Portland Ave

6,835 SF Industrial Building Oklahoma City, OK 73107 $938,778 CAD ($137 CAD/SF)

INVESTMENT HIGHLIGHTS

  • Positioned proudly on the corner of 16th and Portland.
  • 6 camera system installed throughout the property for exterior security.
  • 4 garage doors on the east facade.
  • Entire building is within range for OMMA licensing for a grow facility.

EXECUTIVE SUMMARY

Welcome to a Mid-Century Modern masterpiece at 1615 N. Portland, Oklahoma City—a property that transcends time, blending nostalgia with modern amenities. Positioned proudly on the corner of 16th and Portland, this offering boasts not one but two buildings on a single parcel, commanding attention with generous street frontage and a promise of endless possibilities.
As you step onto the premises, you're greeted by ample parking on both the east and west facades, setting the stage for a seamless blend of accessibility and convenience. The air is full of anticipation as you explore the two air-conditioned rooms, an office and an inviting showroom—where every detail whispers tales of meticulous curation and thoughtful design, and warehouse spaces.
The allure doesn't stop there; a new roof is on the horizon, scheduled to grace this property in Q1 of 2024, ensuring that the future shines as bright as its past. Several windows, patiently waiting to be unveiled, beckon to be re-exposed, ready to welcome guests into a space where history and contemporary charm coalesce.
Recent upgrades weave a tapestry of modernity into the fabric of this Mid-Century gem. From electrical and plumbing replacements in 2017 to the addition of HVAC units in 2021, the property stands as a testament to thoughtful maintenance and investment in its infrastructure. Security is paramount, with an ADT service and RING camera system safeguarding every nook and cranny of the southeast suite and exterior facades.
A hidden gem lies in the southwest corner—an enclosed yard with rich topsoil, a canvas awaiting the strokes of creativity for common areas, outdoor seating, or storage. Tall ceilings adorned with exposed elements throughout the space evoke a sense of grandeur, while a showroom renovation showcases original brick, beams, and historical references.
The opportunities are as vast as the property itself—four garage doors on the east facade, doorways ready to be re-opened for a seamless spatial experience, and windows behind enclosures eager to be exposed. The entire building is within range for OMMA licensing, opening doors to possibilities like a grow facility.
Beyond the tangible, Marking Tree Design, a high-end woodworking facility on-site, stands as a testament to the diversity of potential within these walls. Metering is streamlined, offering efficiency and convenience.
Land spanning 18,635 SF or 0.43 Acres and a real property footprint of 6,835 square feet lay the foundation for your vision. This is not just a property for sale; it's a canvas for your concept. Embrace the legacy, seize the opportunities—welcome to 1615 N. Portland.

New Upgrades in the past 6-months:
- NEW ROOF: Brand new TPO roofing system installed on the entirety of the north portion of the property ($27k)
- NEW WINDOWS: every exterior window is new ($9k)
- NEW OVERHEAD DOORS: The four main garage doors on the east facade were completely replaced, along with a large sliding door on the 16th side ($12k)
- NEW AWNINGS: The addition of custom fabricated awnings add a welcoming approach to all doors ($9k)
- HVAC: Completely reconfigure and upgrade the Mini-Split HVAC system to heat and cool the entire property ($12k)
- NEW STEEL DOOR FRAME: Adjoining the parking lot on the North facade is a large sliding door 3' x 6'8", which recently had the steel door & frame replaced ($5k)
Other Upgrade Information:
- Electrical: replaced in 2017, 500amp in main structure and 100 amp in additional structure
- Plumbing: replaced in 2017
- HVAC: added in 2021, 12-ton unit in the southeast section (Two, 5-ton conventional units and one, 2-ton mini-split system), showroom features a mini-split, and the central office has an in-wall unit.
- Security: currently has ADT service and RING camera system throughout.
- Enclosed yard in the southwest corner of the property that has rich top soil and ready to be used for common area, outdoor seating or storage.
- Showroom renovation that features exposed, original brick, beams and historical references while having a nice restroom and conditioned area to welcome guests.
- Tall ceilings with exposed elements throughout the space.
- ADT alarm system in the SE space
ADDITIONAL OPPORTUNITIES & FEATURES:
- 4 garage doors on the east facade (two-8', two 9') and a garage door to the west addition opening into the large parking lot
- A couple doorways were filled in that could be re-opened to have a seamless space throughout the east rooms.
- Windows with existing glass located behind several enclosures and ready to be exposed, including a retail storefront on the east facade.
- Entire building is within range for OMMA licensing for a grow facility.
- Marking Tree Design - high-end woodworking facility and open to selling stock that is located on-site.
- Metering: (see attached graph outlining metering!)
+ 1615 N Portland – one electric meter that is 400 amp, has its own water meter, no gas meter
+ 3706 N.W. 16th – one electric meter that is 100 amp, has its own water meter, separate gas meter
Land: 18,635 SF or 0.43 Acres
Real Property: 6,835 square feet
County Assessor Account: R066250500 -

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $938,778 CAD
Price Per SF $137 CAD
Sale Type Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.43 AC
Rentable Building Area 6,835 SF
No. Stories 1
Year Built 1949
No. Drive In / Grade-Level Doors 5

AMENITIES

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Security System
  • Yard
  • Storage Space
  • Fluorescent Lighting

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
066250500
Land Assessment
$9,209 CAD (2023)
Improvements Assessment
$29,353 CAD (2023)
Total Assessment
$38,562 CAD (2023)

ZONING

Zoning Code C-3 (Community Commercial)
C-3 (Community Commercial)
  • Listing ID: 33594159

  • Date on Market: 2024-10-22

  • Last Updated:

  • Address: 1615 N Portland Ave, Oklahoma City, OK 73107

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