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$ 2,650,000
Est. payment | /mo
$ 2,650,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type COMMERCIAL/INDUSTRIAL
Listing Status Active
Purchase Type For Sale
Subdivision College Add
MLS Listing ID 132890
Year Built 1930
Annual Tax Amount $15,934
Tax Year 2024
Lot Dimensions 60x140
Property Sub-Type COMMERCIAL/INDUSTRIAL
Property Description
This is a rare chance to acquire the iconic Peck's Lodge building, a fully leased mixed-use property in the heart of Stillwater. Offering 13,900 square feet of usable space, the corner-lot property is anchored by seven established retail and office tenants, with leases in place projecting $198,144 in annual gross rents for 2026. With a location just steps from the Oklahoma State University campus, the building provides unmatched visibility and accessibility, ensuring long-term stability and tenant appeal. Over the past three years, more than $500,000 has been invested into capital improvements, preserving the building's historic character while enhancing its functionality for modern use. A new TPO roof was installed in 2023, and upstairs renovations included the refinishing of 7,000 square feet of hardwood flooring along with an HVAC realignment to serve multiple tenants. A portion of the lower level was completely gutted and restored encompassing 3,500 square feet of newly rented space and two additional bathrooms. With its rich history, unbeatable location, and extensive recent upgrades, the Peck's Lodge building is not only a stable income-producing asset but also an exciting opportunity to secure one of Stillwater's most recognizable properties. It offers investors the perfect combination of character, performance, and long-term potential.
Location
State OK
County Payne
Area Southwest
Zoning Tran Sect 6
Interior
Heating Heat Pump
Cooling Central
Exterior
Exterior Feature Brick Veneer
Parking Features Ground Level
Roof Type Other (See Remarks)
Building
Story 2
Water City
Level or Stories 2
Schools
School District Will Rogers Elementary
Others
Ownership 225 S Knoblock, LLC
Listed by Look Properties, LLC
Nearby Locations
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