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622 SE Frank Phillips Blvd 4,700 SF Retail Building Bartlesville, OK 74003 $625,000 ($132.98/SF)
Investment Highlights
- Extensively Redeveloped Asset – Building fully remodeled down to the brick and studs, offering a modernized shell suitable for multiple commercial use
- Value-Add Ghost Kitchen Opportunity – Existing commercial kitchen allows for potential supplemental income through ghost kitchen & catering,
- Adaptive Reuse Alternative to New Construction – Significant capital investment already completed, reducing redevelopment time and cost
- Flexible Office or Mixed-Use Configuration – 3,456 SF on the first floor with adaptable layouts for professional, medical, or creative office use
- Live/Work or Income Potential – 1,170 SF second floor with private bathroom suitable for office expansion or potential apartment use (buyer to verify)
- Multiple Exit Strategies – Office, mixed-use, or specialty use repositioning broadens buyer and tenant demand
Executive Summary
Redeveloped Commercial Building with Office, Mixed-Use & Ghost Kitchen Potential
This extensively redeveloped commercial building has a new roof, new HVAC, substantial interior remodel, and offers a flexible layout suitable for office, professional (medical space), or mixed-use occupancy, with the added benefit of an existing commercial kitchen that could be leased separately or utilized as a ghost kitchen. offers a flexible layout suitable for office, professional, or mixed-use occupancy, with the added benefit of an existing commercial kitchen that could be leased separately or utilized as a ghost kitchen.
Originally designed for office use and later converted to a restaurant, the property was fully remodeled down to the brick and studs, creating a modernized shell that supports multiple use configurations. The first floor consists of approximately 3,456 square feet and can accommodate professional offices, medical or counseling services, creative workspace, or owner-user operations. The layout allows for efficient demising or open-concept design. Ideal for conversion to coworking or flexible office space, accommodating traveling professionals or short-term users through daily or monthly memberships.
The building also includes a fully built-out commercial kitchen, offering a unique opportunity for supplemental income through ghost kitchen, catering, or commissary use, subject to tenant build-out and required approvals. This feature provides flexibility for investors or owner-users seeking diversified revenue streams without committing the entire building to a restaurant concept.
The second floor contains approximately 1,170 square feet and includes a private bathroom, making it suitable for additional office space or potential apartment use, creating an attractive live/work or income-producing component (buyer to verify permitted use).
With its substantial renovation, flexible floor plan, and multiple potential income paths, the property presents an appealing alternative to ground-up construction. Ownership is open to creative structures and is seeking a timely transaction, making this an excellent opportunity for users or investors looking to reposition a well-located commercial asset.
Check out more about Bartlesville Oklahoma.
Bartlesville Development Authority, https://bdaok.org/
https://www.bartlesville.com/
This extensively redeveloped commercial building has a new roof, new HVAC, substantial interior remodel, and offers a flexible layout suitable for office, professional (medical space), or mixed-use occupancy, with the added benefit of an existing commercial kitchen that could be leased separately or utilized as a ghost kitchen. offers a flexible layout suitable for office, professional, or mixed-use occupancy, with the added benefit of an existing commercial kitchen that could be leased separately or utilized as a ghost kitchen.
Originally designed for office use and later converted to a restaurant, the property was fully remodeled down to the brick and studs, creating a modernized shell that supports multiple use configurations. The first floor consists of approximately 3,456 square feet and can accommodate professional offices, medical or counseling services, creative workspace, or owner-user operations. The layout allows for efficient demising or open-concept design. Ideal for conversion to coworking or flexible office space, accommodating traveling professionals or short-term users through daily or monthly memberships.
The building also includes a fully built-out commercial kitchen, offering a unique opportunity for supplemental income through ghost kitchen, catering, or commissary use, subject to tenant build-out and required approvals. This feature provides flexibility for investors or owner-users seeking diversified revenue streams without committing the entire building to a restaurant concept.
The second floor contains approximately 1,170 square feet and includes a private bathroom, making it suitable for additional office space or potential apartment use, creating an attractive live/work or income-producing component (buyer to verify permitted use).
With its substantial renovation, flexible floor plan, and multiple potential income paths, the property presents an appealing alternative to ground-up construction. Ownership is open to creative structures and is seeking a timely transaction, making this an excellent opportunity for users or investors looking to reposition a well-located commercial asset.
Check out more about Bartlesville Oklahoma.
Bartlesville Development Authority, https://bdaok.org/
https://www.bartlesville.com/
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,700 SF
Building Class
C
Year Built/Renovated
1966/2022
Price
$625,000
Price Per SF
$132.98
Tenancy
Single
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.32 AC
Opportunity Zone
Yes
Zoning
C-5 - Pg 13 Tables 5.2, 6.2, and Section 7.6. Bartlesville Zoning-Regulations. 5.1.5 C-5 General Commercial District
Parking
28 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
142’ on Frank Phillips Blvd
Amenities
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0010358 | Total Assessment | $30,399 (2025) |
| Land Assessment | $5,544 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $24,855 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0010358
Land Assessment
$5,544 (2025)
Improvements Assessment
$24,855 (2025)
Total Assessment
$30,399 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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622 SE Frank Phillips Blvd
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