$900,000
55 acres, though the full property consists of 75 acres. The roads, ponds, & certain other features are not included in the acreage calculation. The property was originally subdivided into small lots of approximately 0.16 acres each, intended for potential development. The initial purpose was to build cabins, before the area was incorporated into the OKC annexation. The entire property is fenced & gated, providing security & privacy for both agricultural use and for anyone wishing to create a more private retreat or small development. The land is zoned as agricultural. There are 3 gates off of SW 119th, as well as an additional access point located on the south end of the property. A pond is located at the NE corner of the land. Given that a few individual lots were sold to recreational buyers, the new owner may have the opportunity to work with these lot owners, potentially offering them a chance to purchase additional lots or to consolidate ownership for greater control over the development process. This 55-acre parcel offers a variety of possibilities, from maintaining its agricultural status with minimal cost of ownership to developing it for residential or recreational use. With a low tax burden, access to infrastructure, and the potential to create an HOA, this property represents an opportunity for the right buyer to enhance its value through strategic development or land management. Additionally, its appraised value exceeding the listed price makes it an attractive investment for anyone looking to expand or develop within the rapidly growing Oklahoma City area. Buyer to verify schools.
1144398
MLS
8700 SW 119th, Oklahoma City
