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Stillwater Retail and Restaurant Opportunity

601 W 6th Ave. Stillwater, OK 74074

601 W 6th Ave., Stillwater, OK, 74074
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Retail and restaurant spaces near Oklahoma State University.

Property Size4,066 SF
Price / SF$244.71
AddedMay 22
Days on Market54
Last RefreshMay 27 at 8:18 am

Property Features for 601 W 6th Ave.

General Information

Standard status
Active
Size
4,066 SF
Property subtype
Retail

Building Details

Year Built
1972

Listing office Newmark Robinson Park

Listing date May 22, 2026

Source Crexi

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 Newmark Robinson Park


Investment Insights

Based on property information with market context.

The property, located at 601 & 607 W 6th Ave in Stillwater, OK, offers an opportunity to purchase a retail space and a former restaurant. Positioned on a hard corner parcel three blocks from Oklahoma State University, the property features 140 feet of street frontage along 6th Avenue/Highway 51. The location provides great visibility and ample parking. The small outparcel building is suitable for retail use, while the former restaurant is suitable for continued restaurant use or conversion.

Key Highlights

  • Hard corner location just 3 blocks from Oklahoma State University.
  • 140 feet of street frontage on 6th Avenue/Highway 51.
  • Great visibility.

Local Financial Insights For 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 $82.5k $20.28
− Vacancy −$4.4k −$1.07
EGI $78.1k $19.21
− OpEx −$23.4k −$5.76
NOI $54.7k $13.44
4,066 SF · lease $20.28/SF/yr · vacancy 5.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$780.9K
$683.3K – $911.0K (±1% cap)
NOI $54,662 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$999.9K
$874.9K – $1.17M (±1% cap)
NOI $69,991 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

OnCue Express Grocery & Convenience Store Pit’s Smoke Shop ... (Bike/Boat/Book/etc) Store

Suggested Use

Storage Facility Grocery & Convenience Store Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Home Appliance Store

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

FAQs

What type of property is this?
Retail space - Retail and restaurant spaces near Oklahoma State University.
Where is this retail space located?
The property is located at 601 W 6th Ave. Stillwater, OK.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Hard corner location just 3 blocks from Oklahoma State University.; 140 feet of street frontage on 6th Avenue/Highway 51.; Great visibility.
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