Historical Mixed-Use Building Downtown Tulsa

309 S Main St, Tulsa, OK

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For Sale

Contact for pricing

Two-story building suitable for office, retail, or mixed-use.

Type:RETAIL

Property size:

5,530 SF

Lot size:

0.68 Acres

Price / SF:

$198/SF

HighLights

Prime downtown location with easy walkability to major attractions, entertainment, and dining.
Unique historical building offering versatile use as office, retail, or mixed‑use property.
First floor currently leased to an operating restaurant, providing immediate income.
Second floor features living quarters with private entrance, including bedrooms, bathrooms, and a full kitchen.
High ceilings and exposed brick offer desirable architectural features.
Suitable for both investors seeking rental income and owner/occupiers.

We can help!

Listing Contact

Julie Buxton

For Sale

Contact for pricing

Two-story building suitable for office, retail, or mixed-use.

Type:RETAIL

Property size:

5,530 SF

Lot size:

0.68 Acres

Price / SF:

$198/SF

Added:: Jan 13, 2023
Days on Market:: 1248
Last Refresh:: May 19 at 9:13 pm

Property Features for 309 S Main St

General Information

Standard status: Active
Size: 5,530 SF
Lot size: 0.68 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Julie Buxton

Listing agent Julie Buxton

Listing office McGraw Commercial Properties | Tulsa

Listing date Jan 13, 2023

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of McGraw Commercial Properties | Tulsa

HighLights

Prime downtown location with easy walkability to major attractions, entertainment, and dining.
Unique historical building offering versatile use as office, retail, or mixed‑use property.
First floor currently leased to an operating restaurant, providing immediate income.
Second floor features living quarters with private entrance, including bedrooms, bathrooms, and a full kitchen.
High ceilings and exposed brick offer desirable architectural features.
Suitable for both investors seeking rental income and owner/occupiers.

Overview

This unique historical two-story building is located in downtown Tulsa, offering opportunities for office, retail, or mixed-use development. The property features high ceilings and exposed brick. The first floor is currently leased to an operating restaurant. The second floor, accessible via a private entrance, is configured as living quarters, including bedrooms, bathrooms, and a full kitchen. The building is ideally situated within walking distance of the Tulsa Performing Arts Center, BOK Center, the Arts District, the Blue Dome District, and numerous bars and restaurants. This property is suitable for either an investor or an owner-occupier. The building has a total area of 5530 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.3k	$15.60
− Vacancy	−$3.0k	−$0.55
EGI	$83.2k	$15.05
− OpEx	−$20.8k	−$3.76
NOI	$62.4k	$11.29

5,530 SF · lease $15.60/SF/yr · vacancy 3.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$891.9K

$780.5K – $1.04M (±1% cap)

NOI $62,436 @ 7.0% cap · market cap 5.68%

Second Best

Retail

$760.5K

$665.4K – $887.2K (±1% cap)

NOI $53,234 @ 7.0% cap · market cap 4.84%

Theoretical Best

Office A

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,562 @ 7.0% cap · market cap 7.51%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Take 2: A Resonance ... Food Market

Suggested Use

Similar Places Nearby

Culinary Delights — Broken Arrow, OK 74014, United States
Main Street Loft — 202 S Main St, Broken Arrow, OK 74012
Chef's Touch Catering Tulsa — 507 N Main St, Broken Arrow, OK 74012

Location Insight

Map
Local Demand

City: Tulsa
County: Creek
State: Oklahoma
Longitude: -95.9906
Latitude: 36.1532

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For sale
Restaurants
OK
Tulsa
309 S Main St

What type of property is this?

Restaurant - Two-story building suitable for office, retail, or mixed-use.

Where is this restaurant located?

The property is located at 309 S Main St Tulsa, OK.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Prime downtown location with easy walkability to major attractions, entertainment, and dining.; Unique historical building offering versatile use as office, retail, or mixed‑use property.; First floor currently leased to an operating restaurant, providing immediate income.

309 S Main St, Tulsa, OK

Two-story building suitable for office, retail, or mixed-use.

Property Features for 309 S Main St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Tulsa Commercial Investment Opportunity

Office Building with Call Center Setup

Downtown Tulsa Commercial Opportunity

Versatile Commercial Building in Tulsa

Tulsa Commercial Building For Sale

Institutional Campus with Gymnasium

Tulsa Church with Soccer Field

Tulsa Church on One Acre

Multi-Use Property in Tulsa, OK

Multi-Office Commercial Building

Tulsa Commercial Investment Opportunity

Tulsa Church on Peoria Avenue

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