Oklahoma's Last Big-City Stockyard: An Investment Opportunity

The Oklahoma National Stockyards (ONS), the world's largest stocker and feeder cattle market, is up for sale. Founded in 1910 and listed on the National Register of Historic Places, the ONS is a significant piece of Oklahoma City's history and a vital part of the local economy. With over 102 million head of livestock passing through its gates, the ONS has an economic impact of more than $1 billion a year and employs over 130 people. However, low cattle numbers and other industry challenges have led to the decision to sell the property.

The decline in cattle numbers, exacerbated by drought and input costs, has negatively impacted the ONS's financial performance. In 2024, cattle numbers reached their lowest level since 1951, leading to a decrease in revenue and employment. Despite these challenges, the ONS's prime location and historic significance may still make it an attractive investment opportunity.

The ONS property spans 102 acres, with 60 acres dedicated to the stockyards and the remaining 42 acres consisting of undeveloped land and other businesses. Its location west of Exchange Avenue and south of the Oklahoma River, with easy access from Interstate 40, makes it valuable real estate in the heart of Oklahoma City. The property's listing on the National Register of Historic Places may also make it eligible for certain tax incentives, grants, or other benefits that could make it more attractive to potential buyers.

Potential buyers may be interested in the ONS's historic significance and the opportunity to preserve and develop the property further. The ONS's unique history and cultural value may attract buyers interested in adaptive reuse projects that preserve the stockyards' historic features while also allowing for new uses. This could include preserving the original auction facilities while adding new retail, dining, or entertainment spaces that complement the historic character of the site.

In conclusion, the Oklahoma National Stockyards' listing on the National Register of Historic Places and its prime location make it an attractive investment opportunity despite the challenges facing the livestock market. Potential buyers may be interested in the ONS's historic significance and the opportunity to preserve and develop the property further, potentially increasing its value and revenue-generating potential.