Turn-key commercial property located in one of the best spots in Alva — positioned at a signalized intersection on Highway 64 with outstanding visibility, access, and frontage. The building offers approximately 1,440 sq ft on the main level plus 1,440 sq ft partially finished basement that includes an office, storage rooms, mechanicals, and a half bathroom. Situated on 0.39 acres, the site includes a 20x18 detached garage, a paved concrete circle drive at the front of the building, and additional gravel parking to the west and rear. The property is currently built-out as a restaurant featuring multiple dining rooms, a coffee/bar lounge area, a covered patio with pergola, a commercial kitchen, and bakery/prep space. Prior to conversion, the building was used as a retail storefront and could easily convert back to retail, office, or other commercial uses if desired. The property is zoned commercial and offers a flexible layout for a variety of business types. Features include a metal roof, stucco masonry exterior, central heat and air with an additional mini-split for the kitchen, one bathroom on the main level plus a half bath in the basement, handicap accessibility, extensive storage and closets, commercial sinks and prep areas, beautiful wood floors, and a charming interior. The outdoor covered patio includes electronics, lighting, fans, tables, and seating. Central mechanicals, including a tankless water heater, are located in the basement. The current operator has maintained fire/hood/grease compliance and the property includes an electronic billboard with monthly income located on the three-lot site. This is a highly visible commercial location with strong local and college traffic (NWOSU) along a major commercial corridor. An excellent option for a buyer seeking a restaurant/coffee concept, retail storefront, office space, or mixed commercial use. Sellers prefer to convey equipment and furnishings to support continuation of restaurant use for the community.
*Historic Downtown Alva Retail Gem for Sale!* A rare opportunity awaits to own a piece of Alva's history! This iconic commercial building, home to a thriving retail store since 1970, is now available for purchase. Located in the heart of downtown Alva, Oklahoma, this property offers a unique chance to own a beloved local retail business with a beautifully renovated apartment upstairs. *The Business:* The retail store has been a staple in the community for over 50 years, providing a consistent and loyal customer base. The current owner has built a thriving business with loyal and online clientele. The store will sell with everything you see in it. Walk in and begin work right away. The owner is committed to ensuring a seamless transition, offering a limited time of support and guidance to the new owner. The business will continue to operate as normal until the sale is complete, providing a turn-key opportunity for the buyer. *The Building:* The commercial building has been meticulously maintained and renovated to preserve its historic charm. The fully renovated store boasts modern amenities while retaining its original character. The property also features a large detached carport in the back with alley access. *The Apartment:* Located upstairs, the fully renovated two-bedroom, one-bathroom apartment is a stunning addition to the property. Complete with modern furnishings, this apartment is perfect for an owner-operator or as a potential rental income source. The patio, fully furnished and equipped for entertaining, has been a popular gathering spot for showers, parties, and more.
This hotel has 28 rooms, 15 are furnished. This is a great investment to have monthly income in a growing college town.
Alva is located in Oklahoma. Alva, Oklahoma has a population of 5,056. Alva is more family-centric than the surrounding county with 25.34% of the households containing married families with children. The county average for households married with children is 25.06%.
The median household income in Alva, Oklahoma is $48,523. The median household income for the surrounding county is $55,933 compared to the national median of $69,021. The median age of people living in Alva is 29.6 years.
The average high temperature in July is 95.6 degrees, with an average low temperature in January of 20.8 degrees. The average rainfall is approximately 29.8 inches per year, with 11.6 inches of snow per year.
