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 sq ft MOL of open space with endless possibilities for redevelopment . 1,000 sq ft MOL storage warehouse with truck/delivery door · Perfect for retail, office, restaurant, or parties. Residential Income Potential: · 2,500 sq ft mol 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!
Sold for $200,000 on 08/21/25
$200,000
504 Flynn St, Alva, OK 73717
3beds
5,939sqft
Single Family Residence
Built in ----
3,750 Square Feet Lot
$200,000 Zestimate®
$34/sqft
$1,039 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 25, 2025 at 10:46am
Listed by:
Jessica Smith 580-327-7915,
Real Broker LLC
Bought with:
1 NonMember
Non-Member
Source: Northwest Oklahoma AOR,MLS#: 20241497

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central Electric
Cooling
- Gas
Features
- Garage Utility
Interior area
- Total structure area: 6,000
- Total interior livable area: 5,939 sqft
- Finished area above ground: 5,939
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: Central Entry
Lot
- Size: 3,750 sqft
Details
- Parcel number: 1001000280310000UC
- Zoning: Commercial
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Other,Flat
Condition
- 71 Years or More
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Alva
- Subdivision: Alva O T