Crystal City Shopping Center sells for much less than anticipated

The main building that largely comprises the Crystal City Shopping Center in southwest Tulsa sold today for $435,000, which was less than half what was anticipated, according to several Tulsa media outlets.

KTVI-TV reported that City Councilor Jeannie Cue said the new owner had a good reputation for maintaining its buildings — a major issue for years with Crystal City.

The former owner shouldn’t have been surprised with the lower-than-expected final bid at the auction, because his persistent indifference drove down the price of the property. At one point just a few years ago, I heard the City of Tulsa was poised to seize the shopping center as a public nuisance.

The same bidder also bought smaller nearby parcel  for $40,000.

None of the reports revealed the identity of the buyer. According to one report, the main parcel was bought online, with the only identification as “JT.”

KJRH-TV said Sam’s Offroad purchased a second building nearby for $89,000. I’ve heard Sam’s wanted the building for storage purposes, but the asking price from the previous owner was too high.

It’s been rumored a section of the building that once housed a bowling alley could become a local Route 66 museum. The City of Tulsa also soon will construct one of the Route 66 gateways in that area.

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