Positioned directly across from the Tulsa Club Hotel in the heart of downtown, 114 E 5th Street offers a rare opportunity to acquire a historic 3-story building with basement in Tulsa’s Central Business District. Constructed in 1945, the property qualifies for both Historic Tax Credits and Opportunity Zone incentives available through the City of Tulsa—making it a compelling investment for developers and owner-users alike. The building’s CHCBD zoning supports a wide range of commercial or residential redevelopment options. With its solid structure and flexible layout, the property lends itself to a potential conversion into three luxury condominiums of approximately 4,000 square feet each, while utilizing the full basement for storage or amenity space. This adaptive reuse potential is further enhanced by the building’s location within a walkable, architecturally rich corridor surrounded by some of the finest Art Deco buildings in the city. The site includes two or more on-site parking spaces—an uncommon amenity in the downtown core—and is steps from restaurants, hotels, and cultural venues. Whether repositioned as boutique residential, creative office, or mixed-use, this asset offers a unique blend of historic charm, tax advantages, and location appeal.