The Warehouse Market grocery store at 29 SE 59th St (corner of SE 59th and Santa Fe) in South OKC closed recently and changed hands; the 50,000 sq. ft. store, built in 1968, sold to Morelos Properties, LLC for $800,000 in October of 2014. Morelos Properties seems to have been formed specifically for this purchase, as I can find practically nothing out there about this company.
So far, I can not find any permits for any modifications to the building, but the main facade of the building has been painted green. It does appear there are workers doing something inside the building; the shelves have all been disassembled and only the refrigerator and freezer cases remain standing. Signage still remains in place months after the store shut down, but it is unknown if another grocery store or other retail venture is planning to reopen this location.
This spot is 1/2mi east of the Buy For Less Supermercado at 415 SW 59th, and one mile north of the Walmart Supercenter at 100 E. I-240 Service Rd, so competition is close; this may preclude another grocery store from building or renovating the existing building here. That said, personally, I'd love to see another Crest store open up at this location... I think they could do fairly well against Walmart. Does anyone have any insight on what might actually be happening to this property?
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