1501 Exchange Ave, Oklahoma City, OK 73108

OKC River Front land zoned for Multi-Family mix use

Great Development Property!

Marketing description

APPROVED PUD FOR MIX USE, OKC RIVER FRONT DEVELOPMENT PROPERTY 5.2 AC (mol) 1509-1501 Exchange Ave, Oklahoma City, Oklahoma 73108.

The properties consist of 5.24 AC (mol) or 228,254 Sq. Ft was recently re-zoned for a mixed-use development. The re-zoning PUD was approved January 2025 by the City of Oklahoma City for a PUD allowing for a mix use development. this property has an incredible view of the OKC Skyline downtown and the Oklahoma River front. This property location is a great site for mix use that could offer condominiums, apartments, over 55 development housing, etc., that if developed could offer luxurious living space 5 minutes from downtown OKC. The current site plan AS AN EXAMPLE ONLY of what can be built on the 5.24 AC (mol) is in line with the approved PUD that if built would provide residents with a great place to live. The proposed condominium development as an example only could offer a common area roof top clubhouse, work out facility, swimming pool with outdoor pool side kitchen and cook station, small & large dog park areas, lighted outdoor pickle ball courts, and possible restaurant concept that could have a quality food menu with full bar and balcony for live bands that would overlook the OU boat house and boat docs, slips, etc. All proposed development ideas for the subject site are stated as example only, therefore all development plans would be subject to approved by the city of Oklahoma City.

The major benefit for a development company is that this site has been approved by the City of Oklahoma City for a PUD that will allow for a mix use development. (“See proposed site plan attached including a new virtual tour as an example only of what our group believes could be built on this incredible one-of-a-kind site, that our group feel would be a very successful development”). CLICK ON YOUTUBE LINK BELOW TO VIEW THE VIRTUAL TOUR AS AN EXAMPLE OF WHAT A DEVELOPMENT COMPANY COULD BUILD ON THE SITE.

The property is on the west side of Exchange Ave next to the Oklahoma City River and next to the Oklahoma University boat house known as the (“OU”) boat house and OU boat excursion docks easily visible from eastbound I-40 that gives this property better than average marketability, the property offers multiple curb cuts and sidewalks , bike trail with more than ample ingress and/or egress into and/or out of the property from Exchange Ave. The property is located in one of the fastest growing up-and-coming area located near downtown and the river being no more than 4 minutes from the famous OKC Stock yards, 5-7 minutes from Downtown OKC, Bricktown and the River Walk, Mid-town, All Art District, Hotels, Restaurants, NBA Thunder Dome, Scissor tail park, OKC Botanical Gardens, Omni Hotel & Convention Center. This property / Land is surrounded by new vibrant growth. This subject property is also in the OKC empowerment zone that offers corporations and companies with employment that qualify possible incentives as follows:

THE BEST LOCATION WITH RIVER FRONT AND SKYLINE VIEW IN OKC . This property is geographically located in one of the fastest growing up-and-coming areas in OKC . The subject property is located an estimated 10 minutes from the following destinations referenced below :

1. Downtown low rise and high-rise office district (4.5 minute drive)
2. Daily Farmers Market (“Offering Organic Fresh fruit and vegetables Daily “) (3 minute drive 6.5 minute walk )
3. OKC River Front walking, jogging, cycling , biking trail (3.5 minute walk 2 minute bike ride)
4. OU River Boat excursion Ticket desk and Docs, loading ramps (3.5 minute walk 2 minute bike ride)
5. Over 25 restaurants (4 up to 10 minute drive)
6. Over 15 Hotels (5.2 up to 10 minute drive)
7. Art Plaza District (7 minute drive)
8. Film Row District (5 minute drive)
9. Scissortail park (5 minute drive)
10. Midtown (6 minute drive via Classen Blvd)
11. Bricktown (6.5 minute drive)
12. Botanical Gardens (5 minute drive)
13. NBA Thunder Dome arena (Paycom Center) (6.8 minute drive)
14. Boat houses , water park, river rapids, zip lining, rock climbing, recreational parks (7 minute drive)

This subject property is also in the OKC empowerment zone that offers corporations and companies with employment that qualify possible incentives as follows:

1. Millions in tax breaks and benefits. Businesses are cashing in. Many area firms have laid claim to thousands of dollars in federal tax breaks on employee wages – and you can too.
2. WHAT: Oklahoma City’s Empowerment Zone (EZ) is a federally designated area created to promote public-private collaboration and stimulate job growth. It’s a pool of tax breaks and incentives for businesses and employees in the Zone, as much as $4.5 billion through December 31, 2009.
3. Wage Credits: Tax credits of up to $3,000 per year for each qualified EZ employee – newly hired or already on the payroll – who lives and works in the EZ.
4. Bond Financing: Tax-exempt facility bonds to finance property, equipment and site development.
5. Tax Deductions: Increased expensing deductions – up to $35,000 for depreciable assets acquired this year.
6. Capital Gains: Zero percent and non-recognition of gain on sale of assets, or partial exclusion of gain from sale of EZ stock.

WHERE: The Empowerment Zone includes most of downtown OKC, extending roughly three to five miles north and south of I-40 and east and west of I-235. Businesses located here can claim the tax incentives on their federal tax returns every year through December 31, 2025. VIEW THE MAP INCLUDED IN OM . GO TO DOWNLOAD OM

Empowerment Zone

Investment Highlights

The property is on the west side of Exchange Ave next to the Oklahoma City River and next to the Oklahoma University boat house known as the (“OU”) boat house and OU boat excursion docks easily visible from eastbound I-40 that gives this property better than average marketability, the property offers multiple curb cuts and side walks , bike trail with more than ample ingress and/or egress into and/or out of the property from Exchange Ave. The property is located in one of the fastest growing up-and-coming area located near downtown and the river being no more than 4 minutes from the famous OKC Stock yards, 5-7 minutes from Downtown OKC, Bricktown and the River Walk, Mid-town, All Art District, Hotels, Restaurants, NBA Thunder Dome, Scissor tail park, OKC Botanical Gardens, Omni Hotel & Convention Center. This property / Land is surrounded by new vibrant growth. This subject property is also in the OKC empowerment zone that offers corporations and companies with employment that qualify possible incentives as follows:

New land acquisition(s) and land development(s) advantages under the TRUMP BBB

RIVERFRONT MIXED-USE DEVELOPMENT OPPORTUNITY

1501–1511 Exchange Avenue | Oklahoma City, OK 73108

Property Summary

• Land Area: Approx. 5.24 acres (mol) / 228,254.4 GSF
• Zoning: Approved Mixed-Use Commercial PUD (as of Dec 31, 2024)
• Asking Price: $18.00 per sq ft
• Total Price: $4,108,572.00
• Existing Structures: 3 buildings + 2 structures (leasable during development
• Near by Utilities: City water, sewer, gas, electricity is all available
• Empowerment Zone: Yes – Potential tax incentives

Location Highlights

• Directly on the Oklahoma Riverfront — facing OU Rowing and Boathouse, docks, boat slips
• 3 minutes from River Trail, 5–10 minutes from:
  • Downtown OKC & Thunder NBA Arena
  • Farmers Market District & Art District
  • Wheeler District
  • Scissortail Park, live music, bars, dining, and hotels
  • River Rapids Water Park and more
• Scenic skyline views & access to local tourism corridor

Investment Tax Strategy Snapshot – 1501-1511 Exchange Ave, OKC

Assumption / Example Value

• Purchase Price: $4,108,572.00 (5.24 AC (mol) at $18/SF estimated market value $18/SF
• Initial Development Budget: $12,000,000 (multi-family buildout example)
• Total Project Basis: $15,423,816 (land + improvements)
• Land Allocation (non-depreciable): 20% → $3,084,763
• Depreciable Basis: 80% → $12,339,053
• Cost Seg Eligible Components: ~70% of depreciable basis = $8,637,337
• Bonus Depreciation (Year 1): 60% of eligible components = $5,182,402
• Additional Accelerated Depreciation: (via cost seg, 5/7/15 Year classes) = $2M
• Total Year 1 Depreciation: $7,182,402
• Investor Equity Contribution: $5,000,000
• Est. Passive Income Offset: Up to $7.18M in passive or active income offset (if eligible)

Key Investor Benefits

• Paper losses in Year 1 of ~$7.1M (on a $15.4M investment)
• Offset passive income from other real estate or active income if classified as a real estate professional (REP)
• Significant boost to internal rate of return (IRR) through tax efficiency
• Flexibility: Hold long-term as cash-flow asset or exit in 3-5 years with low basis and high IRR

Example Investor Scenario

Investor A contributes $1,000,000 as part of an equity raise:

• Receives $1M X 70% = $700,000 in Year 1 paper loss
• If investor has $700K in passive gains from other properties or is a REP:
  • Could reduce federal tax liability by $259,000+ (assuming 37%) tax bracket)
• That’s an immediate 25%+ return on equity from tax savings alone

Why It Matters

If you’re sitting on cash waiting for:

• Lower rates
• Higher yields
• Or better legislative clarity

…this site offers the unique combination of long-term urban growth + immediate tax arbitrage. It’s not just a development site – it’s a real estate tax shelter wrapped in downtown land.

Investor Advantage – Key Tax Incentives (Post-BBB Legislation)

Bonus Depreciation

Deduct up to 60%–80% of qualifying improvements in Year One (structures, infrastructure, land improvements).

Accelerated Cost Segregation

Maximize first-year deductions with enhanced component depreciation — perfect for multifamily or mixed-use projects.

Empowerment Zone Benefits

Located in an Empowerment Zone with potential:

• Capital gains deferral
• Local/state tax credits
• Incentives for job creation & redevelopment

Why Now? Unmatched Tax Advantages Under the New BBB Legislation – An Ideal Time to Invest in 1501–1511 Exchange Ave, OKC

With the recent passage of key provisions in the updated Build Back Better (BBB) framework, the timing for real estate investment — particularly in mixed-use, income-generating development sites like 1501–1511 Exchange Ave — has never been more advantageous.

The bill includes significant updates to depreciation rules, cost segregation treatment, and real estate tax incentives, which investors can leverage immediately to maximize returns, mitigate risk, and accelerate equity growth — even in a dynamic interest rate environment.

Key Tax & Depreciation Benefits to Investors Under the New BBB Provisions

1. Enhanced Bonus Depreciation

• The legislation extends and modifies bonus depreciation allowances, enabling investors to immediately deduct up to 60%–80% of qualifying asset values (e.g., HVAC, fixtures, land improvements, parking lots).
• For a newly developed or improved site, this allows investors to significantly reduce taxable income in year one, freeing up capital or improving yield on equity.

2. Accelerated Cost Segregation Opportunities

• Cost segregation studies now provide greater precision and shorter class lives for many real estate components, maximizing first-year depreciation even further.
• For a site like Exchange Ave with infrastructure access, existing structures, and potential buildout costs — this could equate to millions in accelerated tax deductions for qualified investors.

3. Empowerment Zone Incentives Still In Play

• This site lies within a qualified empowerment zone, which opens the door to additional federal and local tax incentives, including:
  • Deferral of capital gains
  • Enhanced depreciation
  • Potential local or state grants or tax abatement(s) tied to job creation and infrastructure development

Why It Matters Right Now

After a period of wait-and-see in the investor community, 2025 is shaping up to be a breakout year for real estate investment due to the convergence of:

• Stabilizing interest rates
• New tax incentives for development and depreciation
• Urban infill demand in fast-growing secondary markets like Oklahoma City
• Strong government push for housing and mixed-use revitalization

Investors who have been sitting on the sidelines due to rate volatility or tax uncertainty should take a hard look at opportunities that offer both long-term upside and immediate tax efficiency. With land and labor still relatively affordable in OKC — and this site located along a scenic river corridor just minutes from the urban core — this is precisely the kind of property where depreciation and cost segregation can materially impact your internal rate of return (IRR) from day one.

Strategic Takeaway

The recently updated BBB bill has turned tax law into a powerful accelerator for real estate investors. When you combine:

• A fully approved mixed-use PUD,
• Prime urban riverfront location,
• Immediate cash flow potential from existing structures, and
• Now enhanced depreciation allowances,

…this site is positioned not just as a real estate deal — but as a tax-efficient wealth-building vehicle.

Let us show you how the numbers work under the new framework. With construction timelines and entitlement risk already removed, you’re looking at one of the most de-risked and tax-leveraged development opportunities in the OKC market today.

For additional information please contact: Cambridge Commercial Properties LLC

Ed Martin (405)226-7984 or e-mail emartin@mailccp.com