622 SE Frank Phillips Blvd - Restaurant FOR SALE


Bartlesville, OK 74003
$625,000 USD
918-440-8534
622 SE Frank Phillips Blvd, Bartlesville, OK for Sale
$625,000 USD
Restaurant - FOR SALE
1/37
null | Request Cap Rate

622 SE Frank Phillips Blvd
Bartlesville, OK 74003


HIGHLIGHTS

  • Extensively Redeveloped Asset – Building fully remodeled down to the brick and studs, offering a modernized shell suitable for multiple commercial use
  • Flexible Office or Mixed-Use Configuration – 3,456 SF on the first floor with adaptable layouts for professional, medical, or creative office use
  • Value-Add Ghost Kitchen Opportunity – Existing commercial kitchen allows for potential supplemental income through ghost kitchen & catering,
  • Live/Work or Income Potential – 1,170 SF second floor with private bathroom suitable for office expansion or potential apartment use (buyer to verify)
  • Adaptive Reuse Alternative to New Construction – Significant capital investment already completed, reducing redevelopment time and cost
  • Multiple Exit Strategies – Office, mixed-use, or specialty use repositioning broadens buyer and tenant demand

OVERVIEW

Redeveloped Commercial Building with Office, Mixed-Use & Ghost Kitchen Potential This extensively redeveloped commercial building has a new roof, new HVAC, substantial interior remodel, and offers a flexible layout suitable for office, professional (medical space), or mixed-use occupancy, with the added benefit of an existing commercial kitchen that could be leased separately or utilized as a ghost kitchen. offers a flexible layout suitable for office, professional, or mixed-use occupancy, with the added benefit of an existing commercial kitchen that could be leased separately or utilized as a ghost kitchen. Originally designed for office use and later converted to a restaurant, the property was fully remodeled down to the brick and studs, creating a modernized shell that supports multiple use configurations. The first floor consists of approximately 3,456 square feet and can accommodate professional offices, medical or counseling services, creative workspace, or owner-user operations. The layout allows for efficient demising or open-concept design. Ideal for conversion to coworking or flexible office space, accommodating traveling professionals or short-term users through daily or monthly memberships. The building also includes a fully built-out commercial kitchen, offering a unique opportunity for supplemental income through ghost kitchen, catering, or commissary use, subject to tenant build-out and required approvals. This feature provides flexibility for investors or owner-users seeking diversified revenue streams without committing the entire building to a restaurant concept. The second floor contains approximately 1,170 square feet and includes a private bathroom, making it suitable for additional office space or potential apartment use, creating an attractive live/work or income-producing component (buyer to verify permitted use). With its substantial renovation, flexible floor plan, and multiple potential income paths, the property presents an appealing alternative to ground-up construction. Ownership is open to creative structures and is seeking a timely transaction, making this an excellent opportunity for users or investors looking to reposition a well-located commercial asset. Check out more about Bartlesville Oklahoma. Bartlesville Development Authority, https://bdaok.org/ https://www.bartlesville.com/

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Loft/Creative Space, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,851 SF

ZONING

C-5

APN/PARCEL ID

0010358

ASK ABOUT THIS PROPERTY

Dean RobertsonKeller Williams BartlesvilleMore Info
918-440-8534

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Dean RobertsonKeller Williams BartlesvilleMore Info
918-440-8534

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