Historic Two-Story Mixed-Use
For Sale
$800,000
309 S Main, Tulsa, OK 74103
First-floor restaurant space pairs with private-entry living quarters above, creating a flexible downtown commercial configuration.
Property Size5,530 SF
Days on Market86
Property Features for 309 S Main
General Information
Standard status
Active
Size
5,530 SF
Class
B
Property subtype
Office
Amenities
high ceilings
exposed brick
private entrance
Building Details
Building Size
5,530 SF
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
McGraw Commercial Properties | Tulsa
Listed By:
Julie Buxton, CCIM · License #OK #181195
(214) 500-4713
Source:
Mcgrawcp
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 16 at 7:53AM
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
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Investment Insights
Based on property information with market context.
This 5,530-square-foot historic mixed-use building is arranged across two stories with high ceilings and exposed brick. The first floor is leased to an operating restaurant, while the second floor provides living quarters with a private entrance, bedrooms, bathrooms, and a full kitchen. The layout supports the existing combination of commercial and residential space within one property.
Located downtown, the building is within walking distance of the Tulsa Performing Arts Center, BOK, the Arts District, the Blue Dome District, bars, and restaurants. Its two-story configuration and separate second-floor access accommodate an owner-occupier or investor seeking a property with established restaurant occupancy and upper-level living space.
Located downtown, the building is within walking distance of the Tulsa Performing Arts Center, BOK, the Arts District, the Blue Dome District, bars, and restaurants. Its two-story configuration and separate second-floor access accommodate an owner-occupier or investor seeking a property with established restaurant occupancy and upper-level living space.
Key Highlights
- 5,530‑square‑foot historic mixed‑use building
- Two‑story layout with high ceilings and exposed brick
- First floor leased to an operating restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,830
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,600
$1.3M
Cap Rate 7%
$911,857
$911.9K
Cap Rate 9%
$709,222
$709.2K
Market Conditions
NOI Build-Up for 5,530 SF
Gross rent
$99.5K $18.00/SF
− Vacancy
−$14.4K −$2.61/SF
EGI
$85.1K $15.39/SF
− OpEx
−$21.3K −$3.85/SF
NOI
$63.8K $11.54/SF
Area
Tulsa, OK
Vacancy
14.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,600
Cap Rate 7%
$911,857
Cap Rate 9%
$709,222
Alternative Uses
Best Use
Office B
$911.9K
$797.9K – $1.06M
NOI $63,830 @ 7.0% cap · market cap 7.98%
Second Best
Specialty Retail
$891.9K
$780.5K – $1.04M
NOI $62,436 @ 7.0% cap · market cap 7.80%
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 authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 74103, OK
3,082
Population
670
Households
4.6
Avg Household Size
37
Median Age
26%
College-Educated
83%
High-School Grad
0.7 sq mi
ZIP Area
4,403
Density / Sq Mi
$92,083
Median Household Income
$49,983
Median Earnings
$1,395
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Tulsa, OK
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor restaurant space pairs with private-entry living quarters above, creating a flexible downtown commercial configuration.
Where is this mixed-use property located?
The property is located at 309 S Main 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: 5,530‑square‑foot historic mixed‑use building; Two‑story layout with high ceilings and exposed brick; First floor leased to an operating restaurant
