Estimated payment $1,356/month
Highlights
- Wood Flooring
- Longfellow Elementary School Rated A-
- Central Heating and Cooling System
About This Home
Prime Downtown Commercial Building with Residential Income Potential! Welcome to 504 Flynn, a unique and versatile commercial property in the heart of downtown Alva, Oklahoma, home to Northwestern Oklahoma State University. This exceptional building offers a rare opportunity for investors, entrepreneurs, and owners/users alike. Commercial Space: · Formerly served as a beauty shop, retail store and storage facility · High-visibility location with ample foot traffic and exposure · 2,439 sqft of open space with endless possibilities for redevelopment . 1,000 sqft storage warehouse with truck/delivery door · Perfect for retail, office, restaurant, or parties. Residential Income Potential: · 2,500 sqft upstairs apartment with separate entrance . 1 bedroom with a closet, 2 rooms without closets, 1-bathroom, large living area and a full kitchen · Ideal for owner occupancy or conversion to a lucrative Airbnb property · Capitalize on the demand for short-term rentals from university students, faculty, and visitors Key Features: · Prime downtown location with easy access to shops, restaurant, bar, movie theater, grocery store, pharmacy and university campus · Street parking or garage parking in the back, currently used for storage. · Building has been well-maintained with updates throughout · Endless opportunities for redevelopment and rebranding Investment Highlights: · Strong potential for rental income from commercial and residential spaces · Benefit from the growing demand for downtown living and entertainment · Proximity to Northwestern Oklahoma State University and nearby tourist attractions ensures a steady stream of potential tenants and customers . Owner willing to sell with contents of salon and boutique. Don't miss this exceptional opportunity to own a prime piece of downtown real estate! *FOR SALE & FOR LEASE* Inquire for details.
Property Details
Property Type
- Other
Est. Annual Taxes
- $1,360
Year Built
- Built in 1905
Flooring
- Wood
- Concrete
Parking
- On-Street Parking
- Parking Garage Space
Utilities
- Central Heating and Cooling System
- Gas Available
Additional Features
- 2-Story Property
- Condo Land Included
Listing and Financial Details
- Assessor Parcel Number 1001-00-028-031-0-000-UC
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,360 | $18,245 | $609 | $17,636 |
| 2023 | $1,295 | $17,376 | $594 | $16,782 |
| 2022 | $1,234 | $16,549 | $578 | $15,971 |
| 2021 | $1,234 | $16,549 | $578 | $15,971 |
| 2020 | $1,184 | $16,549 | $578 | $15,971 |
| 2019 | $1,226 | $17,123 | $578 | $16,545 |
| 2018 | $1,202 | $16,308 | $578 | $15,730 |
| 2017 | $1,146 | $15,532 | $578 | $14,954 |
| 2016 | $1,213 | $16,502 | $578 | $15,924 |
| 2015 | $1,271 | $17,135 | $578 | $16,557 |
| 2014 | $1,290 | $17,135 | $578 | $16,557 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Pending | -- | -- | -- |
| 01/06/2025 01/06/25 | Price Changed | $225,000 | -9.6% | $38 / Sq Ft |
| 09/13/2024 09/13/24 | For Sale | $249,000 | -- | $42 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $190,000 | -- | |
| Warranty Deed | $67,500 | -- | |
| Warranty Deed | $39,000 | -- |
Source: Northwest Oklahoma Association of REALTORS®
MLS Number: 20241470
APN: 1001-00-028-031-0-000-UC
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