Repurposed Apartment Building
821 S Johnstone Ave Bartlesville, OK 74003
821 S Johnstone Ave, Bartlesville, OK, 74003
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For Sale
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Originally corporate housing from the 1960s, repurposed to apartments in 2019 with recent exterior, roof, and interior upgrades.
Property Size116,608 SF
Price / SF$103.98
Days on Market167
Property Features for 821 S Johnstone Ave
General Information
- Standard status
- Active
- Size
- 116,608 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1960
Listing Agency
SVN | OAK Realty Advisors
(918) 850-1779
Listed by
Garrett Huie · License #181041
Source
Crexi
Added: Feb 4 Updated: Jul 20 at 6:37 pm Checked: Jul 20 at 6:37 pm
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 SVN | OAK Realty Advisors
Investment Insights
Based on property information with market context.
Hotel Phillips was originally built in the 1960s as corporate housing for executives from the Phillips 66 Corporation. The property was primarily repurposed as an apartment building starting in 2019 and received an extensive capital infusion to the building exteriors, mechanicals, roofs, and interior units to support the change in use.
The property is described as well-situated in a supply-constrained market, with residents enjoying walkability in a thriving downtown area to employers, restaurants, and shops. Average market occupancies are cited in the mid to upper 90% range, and the broader Bartlesville area is noted for steady growth.
As additional income potential, 28 storage spaces are breaking ground and are expected to be completed prior to closing. The remarks also note other possible revenue opportunities, including adding a small market or leasing a space to a coffee shop, with covered parking identified as likely to be sought-after by the renter profile.
The property is described as well-situated in a supply-constrained market, with residents enjoying walkability in a thriving downtown area to employers, restaurants, and shops. Average market occupancies are cited in the mid to upper 90% range, and the broader Bartlesville area is noted for steady growth.
As additional income potential, 28 storage spaces are breaking ground and are expected to be completed prior to closing. The remarks also note other possible revenue opportunities, including adding a small market or leasing a space to a coffee shop, with covered parking identified as likely to be sought-after by the renter profile.
Key Highlights
- Built in 1960; originally corporate housing, later repurposed as apartments starting in 2019
- Extensive capital infusion completed to building exteriors, mechanicals, roofs, and interior units for the apartment conversion
- Average market occupancy reported in the mid to upper 90% range
Property Analytics
Location Intelligence
Current Use by Public Records
The Apartments At Hotel Phillips
Hotel & Motel
Johnstone Offices
Real Estate Agency
Wildlife Trapping Professional
Bird Control Service
Cicada Restaurant Group
Corporate Office
Hotel Phillips
Hotel & Motel
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FAQs
What type of property is this?
Apartment building - Originally corporate housing from the 1960s, repurposed to apartments in 2019 with recent exterior, roof, and interior upgrades.
Where is this apartment building located?
The property is located at 821 S Johnstone Ave Bartlesville, OK.
What is the asking price?
The asking price for this property is $12,125,000.
What are key features of this property?
This property features: Built in 1960; originally corporate housing, later repurposed as apartments starting in 2019; Extensive capital infusion completed to building exteriors, mechanicals, roofs, and interior units for the apartment conversion; Average market occupancy reported in the mid to upper 90% range
