Oakwood Mall Asking Price Is 6.9 Million

By Curtis D. Tucker, Enid Buzz | Monday, September 26, 2016
-
ENID, Okla. - Oakwood Mall is for sale! The Maling/Barnes Team of Colliers International out of Los Angeles has been tasked with selling the mall. The asking price is currently $6,900,000.00. The Oakwood Mall property sits on 63.8 acres of land with 542,543 square feet of retail space. That price comes out to $12.72 per square foot.
-
Oakwood Mall is located at 4125 West Owen K Garriott Road, Enid, Oklahoma. Oakwood is an enclosed regional mall built in 1984. Enid is the main shopping destination in northwest Oklahoma. Within a 50 mile radius of the mall there are over 178,000 people. There are over 53,000 people living within a 5 mile radius.
-
Oakwood is currently anchored by Dillard's on the west end, JC Penny on the east end and AMC Theaters next to the Food Court. Chen Garden is located on the north side with an external entrance.
-
A few of the other current stores inside include Claire's, Bath & Body Works, GNC, Candyopolis, RUTH'S Christian Bookstore, Vanity as well as others. There are also services for hair, nails, martial arts, wireless phone and an art gallery.
-
Surrounding Oakwood Mall and within walking distance are Chick-fil-A, McDonalds, iHOP and Walgreens. There are over five hotels in walking distance to the mall.
-
Selling points for the mall include traffic counts per day are estimated to be 46,000 vehicles. Oakwood Mall also has the only movie theater in Enid.
-
For the past several years developers have attempted to de-mall Oakwood by keeping the anchor stores in place but gutting the insides and making those areas more of an open-air shopping experience. J. Herzog & Sons Inc. is the managing company of the mall and recently stated that the de-malling plan is no longer on the table.
-
In recent years several stores have left Oakwood Mall. A big loss was Chick-fil-A moving to its own location outside of the mall. Zales moved across the street and is now being followed by Buckle and Famous Footwear. Radio Shack moved down the street and for the first time in years Eskimo Joe's is opening its holiday store downtown rather than in Oakwood Mall.
-
Sears and Sears Automotive were big losses when they were closed by the corporate office. Goody's, Steve & Barry's and Big Lots also have come and gone over the years.
-
Oakwood Mall was full of stores when it first opened in 1984. Many of those long gone include Service Merchandise, Newman's, Waldenbooks, B Datlon Book Seller, The Gap, Seiferts, Hastings, Coach House Gifts, World Bazaar Gift Shop, Athlete's Foot, Eckerd Drug, Orange Julius, Cheese Shoppe, Taco Tico and many others.
-
View the current for sale listing.
-

-