1324 S Main St - Office FOR SALE


Stillwater, OK 74074
$575,000 USD
405-747-7239
1324 S Main St, Stillwater, OK for Sale
$575,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

1324 S Main St
Stillwater, OK 74074


HIGHLIGHTS

  • Recently renovated building featuring modern systems, restored brick façade, and energy-efficient windows.
  • Configured with five revenue-generating units plus flexibility for reconfiguration or additional subdivision.
  • Current tenant mix includes retail and service businesses along with residential occupancy for diversified income.
  • Prime downtown setting with access to major thoroughfares, Oklahoma State University, and surrounding residential communities.
  • Includes on-site parking, enhancing tenant retention and customer convenience in a growing commercial corridor.
  • Positioned within an Opportunity Zone, providing potential federal tax advantages for qualified investors.

OVERVIEW

This recently remodeled commercial property in downtown Stillwater offers a unique income-producing opportunity for investors seeking diversity and long-term upside. Currently configured as five distinct units, the property accommodates a mix of retail, service, and office tenants. Existing occupants include a popular coffee shop generating daily customer activity, a local church, and a janitorial services operator. A one-bedroom apartment provides additional rental income, while a large commercial space remains available for future leasing or owner occupancy. Renovations have added significant value, including exterior brick restoration, new roofing, updated HVAC, fresh paint, and modern windows throughout. Positioned on a major arterial in Stillwater’s central district, this property benefits from steady traffic flow, strong connectivity to nearby residential areas, and proximity to Oklahoma State University. Ample on-site parking ensures convenience for tenants and their customers, a key feature for downtown locations. Located within an Opportunity Zone, the asset offers potential tax benefits for qualified investors. Whether as a long-term hold or part of an expanding portfolio, this property pairs strong fundamentals with locational advantages in the vibrant Stillwater market.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ancestor

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,208 SF

ZONING

C

APN/PARCEL ID

600026761

ASK ABOUT THIS PROPERTY

Vicky JeromeRe/Max SignatureMore Info
405-747-7239

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Vicky JeromeRe/Max SignatureMore Info
405-747-7239

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