412 SE Frank Phillips Blvd - Hospitals FOR SALE


Bartlesville, OK 74003
$2,000,000 USD
760-212-0174
412 SE Frank Phillips Blvd, Bartlesville, OK for Sale
$2,000,000 USD
Hospitals - FOR SALE
1/12
null | Request Cap Rate

412 SE Frank Phillips Blvd
Bartlesville, OK 74003


HIGHLIGHTS

  • Perfect Historic Tax Credit Project
  • Space for tenant amenities like Roof Deck and Pool
  • On Site parking

OVERVIEW

The Memorial Hospital is 5 stories with an ability to fit 60+ units with a mix of 1 and 2 bedroom units or mixed use. Ample space for a roof deck as well for tenant amenities. Ample room for parking and even a pool located on site as well. The Memorial Hospital site is in an excellent residential location at the intersection of two major North/South and East/West roads, Frank Phillips Blvd. and Cherokee Avenue centrally located in Downtown Bartlesville. The building is in perfect shape and form for a historic tax credit development project. The property already has Part1 and Part2 historic approvals from National parks Service and the Oklahoma historical Society. All key historic features are intact and would provide for an easy HTC project. Full set of architectural plans including demo plans available and all documentation and certifications will be provided with sale saving in developmental costs. Phase 1 Environmental completed and shows no evidence of recognized environmental conditions in connection with the property. City of Bartlesville has shown high interest in providing grant funding in order to accommodate for increase in multi family housing demand in most recent market study.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$34 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Memorial Hospital Lofts

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Hospitals

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

-

APN/PARCEL ID

0024023

ASK ABOUT THIS PROPERTY

Garrett AposhianLarson DevelopmentMore Info
760-212-0174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Garrett AposhianLarson DevelopmentMore Info
760-212-0174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.