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ODOT selling surplus land, including acreage in OKC's Bricktown and Capitol Complex (PRESS RELEASE)

ODOT selling surplus land, including acreage in OKC's Bricktown and Capitol Complex (PRESS RELEASE)

Press Releases
Thursday, August 9, 2018

Aug. 9, 2018
PR# 18-033

Seven parcels of surplus, undeveloped land owned by the Oklahoma Department of Transportation – including two pieces of prime real estate in Oklahoma City – will be sold at auction.

Six of the properties will be on the auction block this month and the seventh will be sold in September. All six of those properties will be sold at auction, by sealed bid, on Aug. 16, starting at 1:30 p.m. The auction will be held at ODOT headquarters, 200 N.E. 21st St. in Oklahoma City.

The parcels include:

A 1.66-acre lot at the southeast corner of Lincoln Blvd. and Sheridan Ave. in Oklahoma City’s Bricktown district. The minimum starting bid has been set at $2,172,350.

A 3.88-acre parcel at the southwest corner of Walnut Ave. and N.E. 21st St., in the State Capitol Complex in Oklahoma City. The minimum starting bid will be $603,864.

A 9.25-acre parcel in Rogers County at the northwest corner of E. Pine St. and N. 193rd E. Ave., near Catoosa. The minimum starting bid will be $241,758.

A 1.47-acre parcel in Pontotoc County at the northwest corner of E. 32nd St. and SH-99, near Ada. The minimum starting bid will be $29,500.

A 10.39-acre parcel in Pottawatomie County one-half mile east of the I-40 and SH-102 interchange, near McLoud and Shawnee. The minimum starting bid will be $18,350.

A 0.27-acre plot in Woodward County at the northeast corner of the SH-50 and US-412 intersection in Mooreland. The minimum starting bid will be $23,500.

The seventh parcel is 1.1 acres in Muskogee County at the southwest corner of US-62/SH-10 and S. Scott Rd., between Fort Gibson and Muskogee and the minimum starting bid will be $27,500. That piece of property will be sold at auction Sept. 20 at 1:30 p.m., also at ODOT’s headquarters in Oklahoma City.

The minimum bids have been set in accordance with fair market valuations that were established by state certified appraisals, according to ODOT Transportation Manager Frank V. Roesler III.      

“As highway needs change, not every piece of property remains necessary to serve the department’s needs,” Roesler said. Highway alignments and routes change and specific policies occasionally require ODOT to buy more land than is necessary for highway needs, he explained. “The department is committed to returning surplus property to the property rolls for homeowners and businesses to develop, which benefits their local communities,” Roesler said.

ODOT properties for sale are listed on the agency’s website, and bidders can download a bid packet from the website or ask ODOT to mail them a bid packet. A bid must be accompanied by a certified check or money order for 10 percent of the submitted bid.

Bids are opened at ODOT’s central office in Oklahoma City, and the state Transportation Commission ultimately decides whether to approve or deny the sale. Checks and money orders of unsuccessful bidders are returned to them via certified mail.

Questions about the bid process should be directed to the Real Property Management Section of ODOT’s Facilities Management Division, at 405-522-5659.

VIEW PRESS RELEASE

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