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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, entrepre...neurs, 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 sqft of open space with endless possibilities for redevelopment . 1,000 sqft storage warehouse with truck/delivery door · Perfect for retail, office, restaurant, or entertainment use Residential Income Potential (Currently Leased): · 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!
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MLS#
20241497
Property Type
Single Family
Bedrooms
3
Bathrooms
1 Full
Price per Sq. Ft.
$0.00
Stories
2.0
Sewer
City Sewer
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