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INVESTMENT HIGHLIGHTS
- Prime downtown location across from the Tulsa Club Hotel with strong visibility
- Surrounded by Tulsa’s most iconic Art Deco architecture
- CHCBD zoning allows for flexible commercial or residential redevelopment
- Built in 1945 and eligible for Historic Tax Credits and Opportunity Zone incentives
- Potential for three luxury condominiums with basement storage conversion
- On-site parking for two or more vehicles in the Central Business District
EXECUTIVE SUMMARY
Positioned directly across from the Tulsa Club Hotel in the heart of downtown, 114 E 5th Street offers a rare opportunity to acquire a historic 3-story building with basement in Tulsa’s Central Business District. Constructed in 1945, the property qualifies for both Historic Tax Credits and Opportunity Zone incentives available through the City of Tulsa—making it a compelling investment for developers and owner-users alike.
The building’s CHCBD zoning supports a wide range of commercial or residential redevelopment options. With its solid structure and flexible layout, the property lends itself to a potential conversion into three luxury condominiums of approximately 4,000 square feet each, while utilizing the full basement for storage or amenity space. This adaptive reuse potential is further enhanced by the building’s location within a walkable, architecturally rich corridor surrounded by some of the finest Art Deco buildings in the city.
The site includes two or more on-site parking spaces—an uncommon amenity in the downtown core—and is steps from restaurants, hotels, and cultural venues. Whether repositioned as boutique residential, creative office, or mixed-use, this asset offers a unique blend of historic charm, tax advantages, and location appeal.
The building’s CHCBD zoning supports a wide range of commercial or residential redevelopment options. With its solid structure and flexible layout, the property lends itself to a potential conversion into three luxury condominiums of approximately 4,000 square feet each, while utilizing the full basement for storage or amenity space. This adaptive reuse potential is further enhanced by the building’s location within a walkable, architecturally rich corridor surrounded by some of the finest Art Deco buildings in the city.
The site includes two or more on-site parking spaces—an uncommon amenity in the downtown core—and is steps from restaurants, hotels, and cultural venues. Whether repositioned as boutique residential, creative office, or mixed-use, this asset offers a unique blend of historic charm, tax advantages, and location appeal.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
14,031 SF
Building Class
C
Year Built
1945
Price
$1,575,000
Price Per SF
$112.25
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,677 SF
Slab To Slab
14’
Building FAR
0.34
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
CHCBD - Commercial Heavy Central Business District.
Parking
2 Spaces (0.14 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (74)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
8,802
71,513
157,543
2024 Population
10,734
78,457
168,064
Population Growth '20-'24
22.0%
9.7%
6.7%
2020 Households
4,044
30,480
67,521
2024 Households
5,275
33,873
72,288
Household Growth '20-'24
30.4%
11.1%
7.1%
Average Age
40
38
39
Median Household Income
$49,426
$47,912
$48,317
Daytime Employees
34,994
77,867
115,433
Total Businesses
3,471
8,689
14,031
College Degree + Higher
34%
32%
28%
PROPERTY TAXES
| Parcel Number | 00500-92-01-39630 | Improvements Assessment | $1,204,500 (2024) |
| Land Assessment | $115,500 (2024) | Total Assessment | $1,320,000 (2024) |
PROPERTY TAXES
Parcel Number
00500-92-01-39630
Land Assessment
$115,500 (2024)
Improvements Assessment
$1,204,500 (2024)
Total Assessment
$1,320,000 (2024)
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114 E 5th St
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