Apartment Conversion - Dowell Center 250 N Robinson Ave 210,000 SF 6% Leased 4-Star Office Building Oklahoma City, OK 73102 $17,356,250 CAD ($82.65 CAD/SF)

250 N Robinson Avenue invites developers and investors to become part of Oklahoma City’s evolving downtown landscape by reimagining this historic landmark. Once the tallest building in Oklahoma City and the headquarters of the prolific Kerr-McGee energy company, 250 N Robinson Avenue awaits its reintroduction to prominence. The 20-story building and parking garage is at the heart of the Oklahoma City Business District (CBD) and was completely overhauled into shell condition in 2019. 250 N Robinson Avenue is now offered for redevelopment as its core attributes distinctly position it to streamline residential conversions.

Aggressive urban renewal projects have changed the landscape of Oklahoma Central Business District, invigorating investment but virtually leaving no viable large-scale apartment conversion opportunities. 250 N Robinson Avenue is a unique exception as its 10,000-square-foot floor plates are more easily adapted to multifamily apartments. Average office floor plates in the CBD are 14,000, 16,000, and 18,600 square feet for five-, 10-, and 20-story buildings. 250 N Robinson Avenue also has an above-average parking ratio to accommodate residents with a surplus that can be rented out.

Oklahoma City’s pro-business environment has fostered new expansions and relocations of major companies like Paycom, Boeing, Skydweller Aero, Continental Resources, and Heartland. This approach has boosted population growth much higher than average as the metro has seen its resident base grow 18% from 2010 to 2025, and 250 N Robinson Avenue is a beneficiary of these generous incentives. Both federal and state agencies recently approved the property’s designation as a historic building, providing up to 20% state and 20% federal tax credits, among other financial advantages.

Downtown Oklahoma City commands the highest multifamily rents in the region with an average rate of $1,445 per month as of Q1 2025, about $260 more than its closest submarket competitor. Annualized multifamily rent growth from 2020 to 2025 was 2.1% in the CBD, indicating consistent demand and asset appreciation. 250 N Robinson Avenue will be one of the most attractive living options as it is adjacent to two parks and part of The Underground, tunnel and skyway system, connecting residents to workplaces, restaurants, and more exciting amenities. Continue the story of this iconic building and make a lasting statement in Oklahoma City by acquiring 250 N Robinson Avenue today.