Remarks

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 (Currently Leased): · Currently operating as a beauty shop, retail store and storage facility · High-visibility location with ample foot traffic and exposure · 3,500 sq ft MOL of open space with endless possibilities for redevelopment . 1,000 sq ft MOL storage warehouse with truck/delivery door · Perfect for retail, office, restaurant, or entertainment use Residential Income Potential (Currently Leased): · 3,500 sq ft MOL 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 and long-term rentals from university students, faculty, and visitors Key Features: · 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 piece of downtown real estate!

Details

MLS#: 20241470
Price: $249,000

Style: Commercial

Lot Size: 3750 SqFt
Tax Fee: 1296.00