Two-Story Flex
For Sale
$2,500,000
120 E Main Street, Oklahoma City, OK 73104
Bricktown Core zoning supports commercial use and potential redevelopment, with original architectural details and additional lot area.
Property Size14,485 SF
Price / SF$172.59
Days on Market324
Property Features for 120 E Main Street
General Information
Standard status
Active
Size
14,485 SF
Property subtype
Retail Freestanding
Zoning
Bricktown Core Zoning District
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
14,485 SF
Year Built
1918
Buildings
1
Stories
2
Construction
brick
Listing Agency:
RE/MAX at Home
(405) 209-0124
Listed By:
Mary L Walker · License #143671
Source:
Stetsonbentley
Added: Sep 12, 2025
Changed: Jul 31
Last Checked: Aug 1 at 11:10AM
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 RE/MAX at Home
Investment Insights
Based on property information with market context.
This two-story flex space includes an approximately 14,485-square-foot office/warehouse building with original architectural details. The property is situated on approximately one-half of the five lots offered, providing additional land area for expansion or repurposing. Temporary structures are also included; removing them would provide approximately 30 parking spaces.
Located at 120 E Main Street in Oklahoma City's Bricktown District, the property is near the Bricktown Canal, Chickasaw Baseball Stadium, downtown business district, and MAPS 4-funded developments. The Bricktown Core Zoning District supports a range of development projects. Potential uses identified for the property include continued commercial use, mixed-use development, a boutique hotel, urban residential lofts, apartments, townhomes or condos, an art gallery, historic museum, or restaurant.
Located at 120 E Main Street in Oklahoma City's Bricktown District, the property is near the Bricktown Canal, Chickasaw Baseball Stadium, downtown business district, and MAPS 4-funded developments. The Bricktown Core Zoning District supports a range of development projects. Potential uses identified for the property include continued commercial use, mixed-use development, a boutique hotel, urban residential lofts, apartments, townhomes or condos, an art gallery, historic museum, or restaurant.
Key Highlights
- Approximately 14,485‑square‑foot two‑story office/warehouse building
- Situated on approximately one‑half of the 5 lots offered
- Temporary structures could be removed to provide approximately 30 parking spaces
Financial Insights For Office B
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 | $361.5k | $24.96 |
| − Vacancy | −$86.8k | −$5.99 |
| EGI | $274.8k | $18.97 |
| − OpEx | −$68.7k | −$4.74 |
| NOI | $206.1k | $14.23 |
14,485 SF · lease $24.96/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.94M
$2.58M – $3.43M
NOI $206,081 @ 7.0% cap · market cap 8.24%
Second Best
Mixed Use
$2.86M
$2.50M – $3.33M
NOI $199,893 @ 7.0% cap · market cap 8.00%
Theoretical Best
Specialty Retail
$4.95M
$4.33M – $5.78M
NOI $346,771 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73104, OK
3,545
Population
2,405
Households
1.5
Avg Household Size
29
Median Age
75%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
2,216
Density / Sq Mi
$69,886
Median Household Income
$59,023
Median Earnings
$1,536
Median Rent
$341,300
Median Home Value
Market
Vacancy Rate% for Office in Oklahoma City, OK
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Bricktown Core zoning supports commercial use and potential redevelopment, with original architectural details and additional lot area.
Where is this flex space located?
The property is located at 120 E Main Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 14,485‑square‑foot two‑story office/warehouse building; Situated on approximately one‑half of the 5 lots offered; Temporary structures could be removed to provide approximately 30 parking spaces
