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412 SE Frank Phillips Blvd - Memorial Hospital Lofts 58,100 SF Health Care Building Offered at $2,757,860 CAD in Bartlesville, OK 74003
INVESTMENT HIGHLIGHTS
- Perfect Historic Tax Credit Project
- On Site parking
- Space for tenant amenities like Roof Deck and Pool
EXECUTIVE SUMMARY
The Memorial Hospital is 5 stories with an ability to fit 60+ units with a mix of 1 and 2 bedroom units or mixed use. Ample space for a roof deck as well for tenant amenities. Ample room for parking and even a pool located on site as well.
The Memorial Hospital site is in an excellent residential location at the intersection of two major North/South and East/West roads, Frank Phillips Blvd. and Cherokee Avenue centrally located in Downtown Bartlesville.
The building is in perfect shape and form for a historic tax credit development project. The property already has Part1 and Part2 historic approvals from National parks Service and the Oklahoma historical Society. All key historic features are intact and would provide for an easy HTC project. Full set of architectural plans including demo plans available and all documentation and certifications will be provided with sale saving in developmental costs.
Phase 1 Environmental completed and shows no evidence of recognized environmental conditions in connection with the property.
City of Bartlesville has shown high interest in providing grant funding in order to accommodate for increase in multi family housing demand in most recent market study.
The Memorial Hospital site is in an excellent residential location at the intersection of two major North/South and East/West roads, Frank Phillips Blvd. and Cherokee Avenue centrally located in Downtown Bartlesville.
The building is in perfect shape and form for a historic tax credit development project. The property already has Part1 and Part2 historic approvals from National parks Service and the Oklahoma historical Society. All key historic features are intact and would provide for an easy HTC project. Full set of architectural plans including demo plans available and all documentation and certifications will be provided with sale saving in developmental costs.
Phase 1 Environmental completed and shows no evidence of recognized environmental conditions in connection with the property.
City of Bartlesville has shown high interest in providing grant funding in order to accommodate for increase in multi family housing demand in most recent market study.
DATA ROOM Click Here to Access
- Market Information
- Miscellaneous
- Investigations
PROPERTY FACTS
| Price | $2,757,860 CAD | Building Size | 58,100 SF |
| Price Per Bed | $45,964 CAD | No. Beds | 60 |
| Sale Type | Investment | No. Stories | 5 |
| Sale Condition | Redevelopment Project | Year Built | 1927 |
| Property Type | Health Care | Tenancy | Single |
| Property Subtype | Hospital | Parking Ratio | 0.68/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.92 AC | ||
| Zoning | AA1 | ||
| Price | $2,757,860 CAD |
| Price Per Bed | $45,964 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Health Care |
| Property Subtype | Hospital |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 58,100 SF |
| No. Beds | 60 |
| No. Stories | 5 |
| Year Built | 1927 |
| Tenancy | Single |
| Parking Ratio | 0.68/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | AA1 |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 0024023 | Improvements Assessment | $31,420 CAD |
| Land Assessment | $25,549 CAD | Total Assessment | $56,969 CAD |
PROPERTY TAXES
Parcel Number
0024023
Land Assessment
$25,549 CAD
Improvements Assessment
$31,420 CAD
Total Assessment
$56,969 CAD
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Presented by
Larson Development
412 SE Frank Phillips Blvd - Memorial Hospital Lofts
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