Historic Guthrie Mixed-Use
117 West Harrison Avenue, Guthrie, OK 73044
Iconic 1902 building with retail space and income-producing units.
Type:MU
Property size:
10,000 SFPrice / SF:
$147/SF- Added:
- Nov 9, 2025
- Days on Market:
- 202
- Last Refresh:
- Apr 3 at 4:59 am
Property Features for 117 West Harrison Avenue
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- MU
Building Details
- Year Built
- 1902
Listing agent Brent Holliday License #173184, Oklahoma (405) 788-1708
Listing office Keller Williams Commercial Elite (405) 788-1708
Listing date Nov 9, 2025
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Commercial Elite
HighLights
- Income‑producing property: Features three units upstairs, including a long‑term tenant and two successful short‑term Airbnb rentals.
- Prime downtown location: Situated directly across from the historic Pollard Theater in the heart of Guthrie.
- Large, versatile space: Offers 10,000 square feet of usable space, including 5,000 square feet downstairs suitable for retail, studio, or event venue.
- Historic Landmark: A 1902 building with original architectural details and rich Oklahoma history.
- Rare Amenities: Includes a private back deck, green space, and off‑street parking.
- Unique Character: Blends historic charm with modern potential, offering a one‑of‑a‑kind backdrop.
Overview
This iconic 1902 landmark building, originally home to Fatty Mater’s Saloon, offers a piece of Oklahoma history. The property features 10,000 square feet of usable space. The downstairs area provides 5,000 square feet of open space suitable for retail, a studio, or an event venue. Original architectural details offer a backdrop that blends history. The upstairs features three income-producing units, including one long-term tenant and two short-term Airbnb rentals, each designed with charm. The property is located across from the historic Pollard Theater in downtown Guthrie. It also includes a private back deck, green space, and off-street parking.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $21.60 |
| − Vacancy | −$21.6k | −$2.16 |
| EGI | $194.4k | $19.44 |
| − OpEx | −$72.9k | −$7.29 |
| NOI | $121.5k | $12.15 |
10,000 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,500 @ 7.0% cap · market cap 8.24%
Second Best
Retail
$1.42M
$1.25M – $1.66M
NOI $99,750 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,200 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Atomic Loft *
Bed & Breakfast
Lokals Guthrie
(Bike/Boat/Book/etc) Store
Tipsy Artist
Training Center
Keim Auto Glass ...
Auto Repair Shop
Tapestry Graphics
Marketing & Advertising
Location Insight
- Map
- Local Demand
- City
- Guthrie
- County
- Logan
- State
- Oklahoma
- Longitude
- -97.426242
- Latitude
- 35.876648
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Iconic 1902 building with retail space and income-producing units.
Where is this mixed-use property located?
The property is located at 117 West Harrison Avenue Guthrie, OK.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Income‑producing property: Features three units upstairs, including a long‑term tenant and two successful short‑term Airbnb rentals.; Prime downtown location: Situated directly across from the historic Pollard Theater in the heart of Guthrie.; Large, versatile space: Offers 10,000 square feet of usable space, including 5,000 square feet downstairs suitable for retail, studio, or event venue.
