Property Description

COMMERCIAL LISTING - DOWNTOWN STILLWATER MULTI-UNIT INVESTMENT! This is a rare opportunity to own a recently remodeled commercial building in the heart of downtown Stillwater! Currently divided into 5 units with the flexibility to reconfigure into more spaces, this property offers excellent income potential and investment stability. Recent Updates Include: Exterior brick restoration, new roof, updated HVAC system, fresh paint, and new windows throughout. The building has been thoughtfully updated to modern standards while maintaining its downtown character. Current Revenue Streams: The property is generating income from multiple tenants, providing stability and cash flow. An operating coffee shop occupies one unit, bringing daily foot traffic and community activity. A local church has established their presence in another unit. A janitorial services business operates in a third space, demonstrating the propertys appeal to diverse business types. A one-bedroom studio apartment recently became available, offering additional rental income potential. Expansion Opportunity: One large commercial unit is currently vacant, waiting for the right tenant or use. With the flexibility to reconfigure the existing five units into additional smaller spaces, you have multiple options to maximize occupancy and income. Prime Location: Situated in downtown Stillwater on a major thoroughfare in an expanding area of the city. The location is ideal for retail, services, restaurants, professional offices, and mixed-use development. BONUS: This property is located in an Opportunity Zone, offering significant tax advantages for qualified investors looking to grow their investment portfolio. Ample parking is available, making it convenient for customers and tenants - a major asset in todays commercial market! Whether youre an experienced investor looking to expand your portfolio or an entrepreneur seeking multiple income streams from one property, this downtown gem offers tremendous potential!

Property Features

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