INVESTMENT OPP — CURRENTLY LEASED AT $6,150/MO 7.25% CAP RATE 3% ANNUAL RENT ESCALATOR APPROX. 3 YRS REMAINING ON LEASE Rare investment opportunity in the heart of Stillwater offering established income today and significant long-term flexibility. The property is currently occupied under a triple-net (NNN) lease and has a 12+ month history of consistent rent payments, providing buyers with an established tenant and income stream. The property has also benefited from recent improvements, including a brand-new suppression system and additional work completed to address current code requirements, adding meaningful value for an incoming owner. Situated on approximately 2 acres near major employment and education, this unique property offers more than 6,000 SF of flexible space with 20 bedroom / 10 bathrooms. Originally constructed for group housing use, the property features expansive common areas, multiple offices, large gathering spaces, a commercial-style kitchen area, extensive parking, outdoor patio space, mature trees, flower beds, and a park-like setting. Beyond the existing lease, the property’s size, configuration, location, and acreage provide extensive long-term optionality for an investor. The versatile floor plan may accommodate a variety of future uses or repositioning strategies, subject to buyer verification of zoning, licensing, occupancy requirements, and intended use. Substantial outdoor space includes garden areas, open green space, and room for a variety of recreational or operational needs. With an existing NNN lease, a proven history of consistent rent payments, contractual annual rent growth, recent property improvements, and significant flexibility for future use, this property offers a compelling combination of current cash flow and long-term investment potential in Stillwater. Buyer to verify all information, measurements, lease terms, financial information, zoning, permitted uses, code compliance, licensing, and occupancy requirements.
Prime commercial corner lot in the heart of Stillwater, Oklahoma. With excellent visibility, easy access, and city utilities available, this property is ready for your next venture. Whether you're planning retail, office space, or another commercial development, this blank slate offers the flexibility to bring your vision to life. Property Highlights: Prime corner lot in a high-visibility location 0.35 Acres mol Commercial zoning City utilities available Electric meter already in place Easy access from major roads Excellent location in the heart of Stillwater Ready for development Endless possibilities for your business or investment Don't miss this opportunity to own a well-located commercial property in one of Oklahoma's most vibrant and growing communities. Bring your plans and make this property the foundation of your next successful project! Position your business for success with this prime commercial corner lot in the heart of Stillwater, Oklahoma. With excellent visibility, easy access, and city utilities available, this property is ready for your next venture. Whether you're planning retail, office space, or another commercial development, this blank slate offers the flexibility to bring your vision to life. Property Highlights: Prime corner lot in a high-visibility location 0.35 Acres Mol Commercial zoning City utilities available Electric meter already in place Easy access from major roads Excellent location in the heart of Stillwater Ready for development Endless possibilities for your business or investment Don't miss this opportunity to own a well-located commercial property in one of Oklahoma's most vibrant and growing communities. Bring your plans and make this property the foundation of your next successful project!
Discover the opportunity to grow your business at Pete’s Industrial, a new industrial park located just off State Highway 51, minutes east of Stillwater. These industrial lots offer flexible development options, including the opportunity to add a custom-built industrial building. With excellent highway access, CREC electricity, and proximity to Stillwater, Oklahoma State University, and regional transportation routes, this location is ideal for warehouses, contractors, manufacturing, distribution, storage, and other industrial operations. Pete’s Industrial offers the visibility, accessibility, and room to grow that businesses need in a rapidly developing area. We are offering Owner Financing on these properties for only a 10% downpayment. If you decide to finance with us there are NO credit checks, early payoff penalties, or hidden fees! We also welcome third-party financing and cash offers.
Discover the opportunity to grow your business at Pete’s Industrial, a new industrial park located just off State Highway 51, minutes east of Stillwater. These industrial lots offer flexible development options, including the opportunity to add a custom-built industrial building. With excellent highway access, CREC electricity, and proximity to Stillwater, Oklahoma State University, and regional transportation routes, this location is ideal for warehouses, contractors, manufacturing, distribution, storage, and other industrial operations. Pete’s Industrial offers the visibility, accessibility, and room to grow that businesses need in a rapidly developing area. We are offering Owner Financing on these properties for only a 10% downpayment. If you decide to finance with us there are NO credit checks, early payoff penalties, or hidden fees! We also welcome third-party financing and cash offers.
5.81 acres available in Stillwater, Oklahoma, located near 122 E Richmond Road. The property is zoned RT — Two-Family Residential, allowing for single-family and duplex development, making it well-suited for a residential builder, developer, or investor looking to capitalize on Stillwater's steady housing demand. All utilities are available at the street, reducing development costs and timeline. At $522,900 ($2.07/SF), this is a competitively priced opportunity in a growing market anchored by Oklahoma State University.
STILLWATER Corner Commercial Business lot 95x67 (empty lot) with small house on adjacent 50x67 lot. Selling as one parcel. Total 9,715square feet. Located 1 block north of Hwy 51/6th Avenue, 2 blocks east of Duck Street, 1 block west of Hwy 177/Main Street. Daily traffic counts17,300 - 8,100 - 12,400 at these intersections. Great position near Iron Monk, Furniture Showcase, and other commercial properties. Imagine the possibilities of this prime location. RECENTLY REZONED TO COMMERCIAL BUSINESS.
Approx. 6000 sqaure feet on 2 acres. Inside of building will be cleared out. Several oversized bays with oversize doors. Perfect for a shop and there is room to build a house on the property if so desired. The building has electricity and plumbing. Property is being sold As-Is
This property is situated on Perkins Rd., one of Stillwater's main/busiest roads, providing easy access to Oklahoma State University and the town center. With its impressive updates, this prime property is sure to attract prospective buyers looking for a valuable investment. PROPERTY HIGHLIGHTS: Completely renovated in 2020-2021;Garage with a drive thru window; High end updates; Updated bathrooms with modern fixtures Customer parking; Space for an outdoor patio, additional parking or yard; Open floor plan
Corner Commercial Business lot 95x67 (empty lot) with small house on adjacent 50x67 lot. Selling as one parcel. Total 9,715 square feet. Located 1 block north of Hwy 51/6th Avenue, 2 blocks east of Duck Street, 1 block west of Hwy 177/Main Street. Daily traffic counts 17,300 - 8,100 - 12,400 at these intersections. Great position near Iron Monk, Furniture Showcase, and other commercial properties. Imagine the possibilities of this prime location. RECENTLY REZONED TO COMMERCIAL BUSINESS
A versatile property commercial zoned in Stillwater OK. The owner last occupied the office complex, currently vacant. Great investment opportunity, actually two separate buildings and businesses located on lots 1-6 block 2. The current owner used the large building as an office complex and rented the secondary building to a window tinting company. A current month-to-month lease is still in place on the smaller building. The current owner has moved their business to Guthrie OK. The property is located at 2012 South Main Street with 147 ft Main Street Frontage. Plenty of parking space for clients or employees. 4140 square feet of office space in the primary building, with multiple offices established and two larger lobby areas that could be converted, 3 wash rooms, and a kitchen area. Phase I and Phase II were recently cleared. The reports are available. Other businesses are currently operating next to this property to the north and south. Ample parking is included in the property.
Iconic restaurant and retail building in the shadows of Boone Pickens Stadium and Gallagher Iba arena. The Hall of Fame address is applicable to this storied building. More than a restaurant, this 12,128 sq. ft. building is turn-key and operational site for an owner/user to open a sports bar, restaurant, music venue etc. The building can easily accommodate multiple retail outlets to generate additional revenue. In addition the owner has a very stable prospect who would like to explore a lease purchase option to acquire the bowling alley for a proven and profitable stand alone restaurant. There are numerous opportunities to turn this property into a variety of venues. The building itself is a fortress constructed with steel beams and cinder block outer. the Geo system costing $200k saves appx $1k per month in utilities. Hot water heater system has a full size back up valued at $100k. Silikal quartz flooring throughout the kitchen. A $200k vent hood system remains with building. High Traffic counts rival any location in Stillwater. Large, lighted pole sign included. Notable high traffic businesses are in the neighborhood creating additional traffic like, Starbucks, McAlister's, Mexico Joes, Chipotle, Chili's, Panera Bread and many more....
Iconic restaurant and retail building in the shadows of Boone Pickens Stadium and Gallagher Iba arena. The Hall of Fame address is applicable to this storied building. More than a restaurant, this 12,128 sq. ft. building is turn-key and operational site for an owner/user to open a sports bar, restaurant, music venue etc. The building can easily accommodate multiple retail outlets to generate additional revenue. In addition the owner has a very stable prospect who would like to explore a lease purchase option to acquire the bowling alley for a proven and profitable stand alone restaurant. There are numerous opportunities to turn this property into a variety of venues. The building itself is a fortress constructed with steel beams and cinder block outer. the Geo system costing $200k saves appx $1k per month in utilities. Hot water heater system has a full size back up valued at $100k. Silikal quartz flooring throughout the kitchen. A $200k vent hood system remains with building. High Traffic counts rival any location in Stillwater. Large, lighted pole sign included. Notable high traffic businesses are in the neighborhood creating additional traffic like, Starbucks, McAlister's, Mexico Joes, Chipotle, Chili's, Panera Bread and many more....
Prime multi-family investment opportunity near OSU campus! Discover an exceptional investment opportunity with this 14-unit portfolio, located just minutes from Oklahoma State University. Boasting an impressive average gross income of over $10,000 per month, this property consistently maintains an occupancy rate of over 90%. The portfolio includes a 10-unit apartment complex, each unit featuring one bedroom, one bathroom, and a cozy living area. Four of the ten units have been recently remodeled, showcasing new paint, flooring, bathroom fixtures, and cabinetry. Additionally, the property includes a charming single-family home with 2 bedrooms and 2 bathrooms, providing comfortable living space. There's also a duplex, with each unit offering one bedroom and one bathroom, perfect for student rentals or young professionals. Furthermore, the property features another single-family home with 2 bedrooms and 1 bathroom, ideal for small families or roommates. With its prime location near OSU and a mix of updated and original units, this property promises a steady and lucrative income stream. Don't miss out on this remarkable investment opportunity!
Stillwater is located in Oklahoma. Stillwater, Oklahoma has a population of 48,055. Stillwater is less family-centric than the surrounding county with 27.46% of the households containing married families with children. The county average for households married with children is 29.22%.
The median household income in Stillwater, Oklahoma is $37,991. The median household income for the surrounding county is $43,686 compared to the national median of $69,021. The median age of people living in Stillwater is 23.8 years.
The average high temperature in July is 93 degrees, with an average low temperature in January of 23.4 degrees. The average rainfall is approximately 37.9 inches per year, with 6.2 inches of snow per year.
