16 W Commercial St, Inola, OK 74036

Amazing Commercial / Residential opportunity in Tulsa's newest bedroom community, Inola Oklahoma. This historic building is one of the oldest buildings in the state and has been recently updated with quality amenities. Originally the St. James hotel, this unique building has a long, vibrant history. I have owned the building for the last decade and I've spent a massive amount of time and money getting the building turn key. This beautiful piece of Oklahoma's history has a new state of the art $40k Thermal Plastic Overlay roof as of 7-19. We have also replaced the front awning roofing with standing seam metal roofing. The building boasts commercial glass showroom windows that open from the front, large enough to access vehicles. It also has a 16' wide 10' tall overhead insulated door in the back. New concrete flatwork in the back overbuilt to support delivery vehicles. Everything downstairs has been remodeled as of 12-20. Two remodeled bathrooms with all new fixtures, new water heater, Drywall was repaired and floated with commercial flat texture 11-20. New interior paint. New central air conditioning for one side of the building was installed in 2015. The downstairs of the building is 4000sf and is completely turn key. It is currently leased until 12-31-21 at $1400mo. The upstairs originally had 14 bedrooms but is completely empty and will need a complete buildout. There is no electricity or plumbing upstairs and the 2nd floor will need to be leveled. (Upstairs will need a lot of work) I have discussed the possibility of 4 apartments upstairs and city council seems to like the idea. This opportunity is available for a very short time. I will be listing the building for lease if it doesn't sell in the next few weeks and it always leases very quickly. If you are interested PLEASE: 1. Be certain that your business will fit the current zoning. The building is zoned C1 commercial retail. 2. PLEASE drive by the building before contacting me. This will answer many of your questions 3. If you are an OMMA business BE CERTAIN your business model will fit a C1 zoning. I mention this twice because too many folks have burned up a ton of my time thinking they are going to sneak a grow or processing facility in here. WON'T happen. 4. Have your financing ready. The building is insured and most lenders will lend on it. Talk to RCB bank across the street. 4. If you have driven by the building, have the money ready, and have done your research, please message me. (I'm actually a really nice guy but you would not believe the number of folks that contact me that are not serious at all )