Development Opportunity at a Great Location in One of Oklahoma’s Fastest Growing Communities

Price: $350,000
Acreage: 6.2
County: Tulsa
State: Oklahoma

Property Description

This 6.2 +/- acre vacant tract in Owasso, Ok is ready for development! It is just 1/2 mile off of Highway 169 and sets in an ideal location on the west side of N 145th E Avenue just north of 106th Street. The corner of 145th and 106th is completing construction on opening the intersection making this even more of a hotspot for commuters.

This property is zoned RNX with PUD 16-06 currently in place expiring in November of 2021. This PUD could be updated and transferred to new buyer if so desired. The PUD calls for max of 62 dwelling units with a proposal of 34 town homes and duplexes (up to 40 max). The city has deemed this properties future planning use to be zoned Commercial as well, which would fit perfect for a developer not interested in Residential development.

Whether you want to expand on a current PUD where a lot of the leg work has already been completed, start a residential development from scratch or rezone this to fit Commercial needs than this is one location you don’t want to overlook! Call Paul Smith today for additional info.

Property Features

  • Great development opportunity at a competitive price
  • Future plan use - commercial zoning
  • Median home price in Owasso was $162,900 with median rent of $951 as of July 2021
  • Homeowner vacancy rate of 0.6% as of July 2021
  • Surrounded by other single family and multi-family homes/neighborhoods making this an attractive area
  • In close proximity to majority of Owasso’s food, shopping and entertainment centers
  • Lake Valley homes are just to the east across the road
  • Coffee Creek Apartments are to the south
  • The fire department is 1/2 mile away
  • Located under 2 miles to of two nearby hospitals, urgent care and pharmacies
  • Tulsa Tech – Owasso Campus is the neighboring property to the north which has a Conference Center for public use that hosts all types of events
  • PUD 16-06 available upon request
  • Easy access to Hwy 169 leading into Tulsa, Ok
  • 18 minutes to Tulsa International Airport
  • 20 minutes to downtown Tulsa

Property Address

106th St. and N 145th Ave., Owasso, OK