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The Ancestor 1324 S Main St 5,610 SF 100% Leased Office Building Stillwater, OK 74074 $814,258 CAD ($145.14 CAD/SF)



Investment Highlights
- Recently renovated building featuring modern systems, restored brick façade, and energy-efficient windows.
- Current tenant mix includes retail and service businesses along with residential occupancy for diversified income.
- Includes on-site parking, enhancing tenant retention and customer convenience in a growing commercial corridor.
- Configured with five revenue-generating units plus flexibility for reconfiguration or additional subdivision.
- Prime downtown setting with access to major thoroughfares, Oklahoma State University, and surrounding residential communities.
- Positioned within an Opportunity Zone, providing potential federal tax advantages for qualified investors.
Executive Summary
This recently remodeled commercial property in downtown Stillwater offers a unique income-producing opportunity for investors seeking diversity and long-term upside. Currently configured as five distinct units, the property accommodates a mix of retail, service, and office tenants. Existing occupants include a popular coffee shop generating daily customer activity, a local church, and a janitorial services operator. A one-bedroom apartment provides additional rental income, while a large commercial space remains available for future leasing or owner occupancy.
Renovations have added significant value, including exterior brick restoration, new roofing, updated HVAC, fresh paint, and modern windows throughout. Positioned on a major arterial in Stillwater’s central district, this property benefits from steady traffic flow, strong connectivity to nearby residential areas, and proximity to Oklahoma State University. Ample on-site parking ensures convenience for tenants and their customers, a key feature for downtown locations.
Located within an Opportunity Zone, the asset offers potential tax benefits for qualified investors. Whether as a long-term hold or part of an expanding portfolio, this property pairs strong fundamentals with locational advantages in the vibrant Stillwater market.
Renovations have added significant value, including exterior brick restoration, new roofing, updated HVAC, fresh paint, and modern windows throughout. Positioned on a major arterial in Stillwater’s central district, this property benefits from steady traffic flow, strong connectivity to nearby residential areas, and proximity to Oklahoma State University. Ample on-site parking ensures convenience for tenants and their customers, a key feature for downtown locations.
Located within an Opportunity Zone, the asset offers potential tax benefits for qualified investors. Whether as a long-term hold or part of an expanding portfolio, this property pairs strong fundamentals with locational advantages in the vibrant Stillwater market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,610 SF
Building Class
C
Year Built/Renovated
1957/2025
Price
$814,258 CAD
Price Per SF
$145.14 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,610 SF
Building FAR
0.26
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
45 Spaces (8.02 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 600026761 | Improvements Assessment | $25,793 CAD |
| Land Assessment | $6,185 CAD | Total Assessment | $31,978 CAD |
Property Taxes
Parcel Number
600026761
Land Assessment
$6,185 CAD
Improvements Assessment
$25,793 CAD
Total Assessment
$31,978 CAD
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The Ancestor | 1324 S Main St
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