624 Denver Ave, Tulsa, OK 74119

Property Details for 624 Denver Ave

Property type

Office Spaces

Property subtype

Office Units

Description

This exceptional four-story office building, located at 624 S Denver Ave in Tulsa, Oklahoma's vibrant downtown, presents a compelling investment opportunity. Boasting 25,812 square feet of net rentable space, the property features a mix of creative, executive, and traditional office layouts. The building, constructed in phases (1957, 2002, and 2024), benefits from recent renovations in 2002 and 2024, including a new roof in 2022 and a modern industrial build-out on the third floor completed in 2024. Currently enjoying a 90% occupancy rate with long-term tenants (some exceeding 10 years), the building offers significant upside potential with additional leasable space. Its prime location in the Central Business District (CBD), near the courthouse and the entertainment/restaurant district, provides excellent visibility and accessibility. The building sits on a desirable corner lot with primary frontage on Denver Avenue and secondary frontage on 7th Street. The asking price is $2,250,000, representing a 6.00% cap rate. This property is situated in an Opportunity Zone, further enhancing its investment appeal. The building includes a walk-out basement and three upper floors. The first floor features recently remodeled office areas. The second and third floors were added in 2002, with the second-floor build-out completed that year. This is an ideal property for an owner-occupant seeking a strong return on investment.

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Longitude

-95.9929

Latitude

36.1484