701-705 S Main - Storefront FOR SALE


Stillwater, OK 74074
$3,400,000 USD
405-533-1767
701-705 S Main, Stillwater, OK for Sale
$3,400,000 USD
Storefront - FOR SALE
1/45
null | Request Cap Rate

701-705 S Main
Stillwater, OK 74074


HIGHLIGHTS

  • Corner lot
  • High visibility
  • exceptionally maintained

OVERVIEW

Unique opportunity to own a restored piece of historic Stillwater. The corner of 7th and Main has been the epicenter of downtown for over 100 years and after a full restoration in 2011, this building is ready for the next 100 years. This 23,679 square foot gem is fully occupied and generating $26,000/month gross rents with leases remaining in place for the next few years. With a partial basement and elevator serving the first and second floor office space, this building has an abundance of possibilities for future opportunities. Truly a once-in-a-generation chance to own one of the most stately and historic buildings in Downtown Stillwater. First built as Stillwater Dry Goods and owned by the Selph Brothers, then for the longest tenancy, Katz Dept. Store. In 2011, the building was completely renovated top to bottom, interior and exterior, and has since been meticulously maintained and occupied by long-term tenants. Great investment in the heart of the downtown renaissance that looks to only appreciate as the under construction Block 34, and newly added Hatch, Empire Slice House, and EM, and others continue to bring interest and traffic to the area. Don't let this legacy acquisition pass you by!

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1911

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

Commercial

APN/PARCEL ID

600025926

ASK ABOUT THIS PROPERTY

Cory WilliamsLook PropertiesMore Info
405-533-1767

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Cory WilliamsLook PropertiesMore Info
405-533-1767

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