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!
Alva is located in Oklahoma. Alva, Oklahoma has a population of 5,167. Alva is less family-centric than the surrounding county with 28.57% of the households containing married families with children. The county average for households married with children is 31.05%.
The median household income in Alva, Oklahoma is $50,469. The median household income for the surrounding county is $57,097 compared to the national median of $57,652. The median age of people living in Alva is 31.6 years.
The average high temperature in July is 95.7 degrees, with an average low temperature in January of 19.4 degrees. The average rainfall is approximately 28.9 inches per year, with 10.6 inches of snow per year.
