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$249,000
Est. payment /mo
UPDATED:
11/15/2024 08:58 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Ok
MLS Listing ID 20241470
Property Description
Prime Downtown Commercial Building with Residential Income Potential! Welcome to 504 Flynn, a unique and versatile commercial property in the heart of downtown Alva, Oklahoma, home to Northwestern Oklahoma State University. This exceptional building offers a rare opportunity for investors, entrepreneurs, and owners/users alike. Commercial Space: · Formerly served as a beauty shop, retail store and storage facility · High-visibility location with ample foot traffic and exposure · 3,500 sqft of open space with endless possibilities for redevelopment . 1,000 sqft storage warehouse with truck/delivery door · Perfect for retail, office, restaurant, or parties. Residential Income Potential: · 3,500 sqft upstairs apartment with separate entrance . 1 bedroom with a closet, 2 rooms without closets, 1-bathroom, large living area and a full kitchen · Ideal for owner occupancy or conversion to a lucrative Airbnb property · Capitalize on the demand for short-term rentals from university students, faculty, and visitors Key Features: · Prime downtown location with easy access to shops, restaurant, bar, movie theater, grocery store, pharmacy and university campus · Street parking or garage parking in the back, currently used for storage. · Building has been well-maintained with updates throughout · Endless opportunities for redevelopment and rebranding Investment Highlights: · Strong potential for rental income from commercial and residential spaces · Benefit from the growing demand for downtown living and entertainment · Proximity to Northwestern Oklahoma State University and nearby tourist attractions ensures a steady stream of potential tenants and customers . Owner willing to sell with contents of salon and boutique. Don't miss this exceptional opportunity to own a prime piece of downtown real estate! *FOR SALE & FOR LEASE* Inquire for details.
Location
State OK
Area Alva
Interior
Heating Central Gas
Cooling Central Electric
Flooring Concrete Slab, Wood
Exterior
Utilities Available Electric, Gas, City Water, City Sewer
Building
Story Two
Others
Financing Conventional
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Listed by Real Broker LLC