14
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$575,000
Est. payment /mo
Active
1324 S Main St Stillwater, OK 74074
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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 SCHOOL & BUSINESS
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