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504 Flynn St

8,000 SF Retail Building Alva, OK 73717 $352,950 CAD ($44 CAD/SF)

Investment Highlights

  • Currently operating as a beauty shop, retail store and storage facility
  • 3,500 sqft of open space with endless possibilities for redevelopment
  • Residential Income Potential (3,500 sqft upstairs apartment w/ separate entrance - Currently Leased)
  • High-visibility location with ample foot traffic and exposure
  • 1,000 sqft storage warehouse with truck/delivery door
  • Strong potential for rental income from commercial and residential spaces

Executive Summary

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, entrepreneurs, and owners/users alike.
Commercial Space:
· Formerly served 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 parties.
Residential Income Potential:
· 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.

*FOR SALE & FOR LEASE* Inquire for details.

Don't miss this exceptional opportunity to own a prime piece of downtown real estate! For serious inquiries call - Jessica at (580) 327-7915

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
8,000 SF
Year Built/Renovated
1905/2013
Price
$352,950 CAD
Price Per SF
$44 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
2.13
Lot Size
0.09 AC
Zoning
Commercial - Commercial
Parking
4 Spaces (0.5 Spaces per 1,000 SF Leased)
Frontage
25 ft on Flynn

Amenities

  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1001-00-028-031-0-000-UC
Land Assessment
$828 CAD
Improvements Assessment
$23,405 CAD
Total Assessment
$24,233 CAD
  • Listing ID: 33511183

  • Date on Market: 2024-10-14

  • Last Updated:

  • Address: 504 Flynn St, Alva, OK 73717

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