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Molly Johnston

molly@ccrebrokers.com +1(918) 798-1648

$ 575,000

Est. payment | -/mo

Save

$ 575,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type COMMERCIAL/INDUSTRIAL

Listing Status Active

Purchase Type For Sale

Subdivision Barnes Addition

MLS Listing ID 134574

Annual Tax Amount $5,615

Tax Year 2026

Lot Dimensions 150 X 142

Property Sub-Type COMMERCIAL/INDUSTRIAL

Property Description

COMMERCIAL LISTING - DOWNTOWN STILLWATER MULTI-UNIT INVESTMENT! This is a rare opportunity to own a recently remodeled commercial building in the heart of downtown Stillwater! Currently divided into 5 units with the flexibility to reconfigure into more spaces, this property offers excellent income potential and investment stability. Recent Updates Include: Exterior brick restoration, new roof, updated HVAC system, fresh paint, and new windows throughout. The building has been thoughtfully updated to modern standards while maintaining its downtown character. Current Revenue Streams: The property is generating income from multiple tenants, providing stability and cash flow. An operating coffee shop occupies one unit, bringing daily foot traffic and community activity. A local church has established their presence in another unit. A janitorial services business operates in a third space, demonstrating the property's appeal to diverse business types. A one-bedroom studio apartment recently became available, offering additional rental income potential. Expansion Opportunity: One large commercial unit is currently vacant, waiting for the right tenant or use. With the flexibility to reconfigure the existing five units into additional smaller spaces, you have multiple options to maximize occupancy and income. Prime Location: Situated in downtown Stillwater on a major thoroughfare in an expanding area of the city. The location is ideal for retail, services, restaurants, professional offices, and mixed-use development. BONUS: This property is located in an Opportunity Zone, offering significant tax advantages for qualified investors looking to grow their investment portfolio. Ample parking is available, making it convenient for customers and tenants - a major asset in today's commercial market! Whether you're an experienced investor looking to expand your portfolio or an entrepreneur seeking multiple income streams from one property, this downtown gem offers tremendous potential!

Location

State OK

County Payne

Area Southwest

Zoning Commerical Business Stw

Interior

Heating Forced Air

Cooling Central

Exterior

Exterior Feature Brick Veneer, Wood Frame

Parking Features Ground Level

Fence None

Roof Type Tar & Gravel

Building

Story 1

Water City

Level or Stories 1

Schools

School District Highland Park Elementary

Others

Ownership RC Range Properties, LLC

Energy Description Natural Gas

Acceptable Financing Cash to seller

Listing Terms Cash to seller

Listed by RE/MAX Signature

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(918) 798-1648

molly@ccrebrokers.com

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1324 S Main St Stillwater, OK 74074