The Oklahoman reports that a junkyard located on the banks of the Oklahoma River is bugging out for new digs and the 14.77 acres of land that it used to occupy is going on the market for $6.45 million, or about $10 a square foot. The area has hosted junkyards for years and was once known as "Hubcap Alley," but those days appear to be ending. “They have purchased another piece of property. They are moving all the content to a new location,” said Cordell Brown, broker with Price Edwards. “They are moving, and it will be a vacant tract of land with the exception of the buildings that are there now.”
Brown said the property is well located for a hotel, offices, retail or mixed-use. Pull-A-Part, opened 21 years ago, allows customers to search a database of scrapped cars and then pay to pull needed parts. That operation is set to continue at SE 25 and High Avenue.
“They have been there for years,” Brown said. “They see the development coming, and they feel like there is a higher and better use for the property than what they are using it for.” Brown said the owners do not believe the property has any environmental problems.
“To the best of my knowledge, they have no environmental problems at all,” Brown said. “When the current owners bought the property from the previous owner, they had a Phase 1 (study) done on it.” “The Pull-A-Part lot represents a really substantial link between the Boathouse District and Scissortail Park and how that connectivity will occur,” Knopp said. “The idea of having something fills that gap that is complementary to the world class standard we’ve set.”Read More