Historical Mixed-Use Building Downtown
309 S Main St Tulsa, OK
309 S Main St, Tulsa, OK, 00000
Contact for pricing
For Sale
Contact for pricing
Two-story building suitable for office, retail, or mixed-use.
Property Size5,530 SF
Lot Size0.68 Acres
Price / SF$144.67
Days on Market270
Property Features for 309 S Main St
General Information
- Standard status
- Active
- Size
- 5,530 SF
- Lot size
- 0.68 Acres
- Property subtype
- RETAIL
Listing agency
McGraw Commercial Properties | Tulsa
(214) 500-4713
Listed by
Julie Buxton · License ##181195
(214) 500-4713
Source
Moodyscre
Added: Oct 25, 2025 Updated: Jul 6 at 10:44AM Checked: Jul 20 at 2:16AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Specialty Retail
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 | $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
NOI $62,436 @ 7.0% cap · market cap 7.80%
Second Best
Retail
$760.5K
$665.4K – $887.2K
NOI $53,234 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,562 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Take 2: A Resonance ...
Food Market
Similar For Sale Nearby
Similar Off Market Nearby
- Deco Deli and Catering — 415 S Boston Ave, Tulsa, OK 74103
- Bistro at ONEOK — 100 W 5th St, Tulsa, OK 74103
- elohim exotic events — 907 S Detroit Ave, Tulsa, OK 74120
- Vitter's Catering — 907 S Detroit Ave suite 120, Tulsa, OK 74120
- CCD Catering Company — 1115 South Boulder Ave W, Tulsa, OK 74119
FAQs
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 $800,000.
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.
