Description

This is a rare chance to acquire the iconic Peck’s Lodge building, a fully leased mixed-use property in the heart of Stillwater. Offering 13,900 square feet of usable space, the property is home to seven established retail and office tenants on long-term leases, generating $198,144 in annual gross rents. With a location just steps from the Oklahoma State University campus, the building provides unmatched visibility and accessibility, ensuring long-term stability and tenant appeal. Over the past three years, more than $500,000 has been invested into capital improvements, preserving the building’s historic character while enhancing its functionality for modern use. A new TPO roof was installed in 2023, and upstairs renovations included the refinishing of 7,000 square feet of hardwood flooring along with an HVAC realignment to serve multiple tenants. A portion of the lower level was completely gutted and restored encompassing 3,500 square feet of newly rented space and two additional bathrooms. With its rich history, unbeatable location, and extensive recent upgrades, the Peck’s Lodge building is not only a stable income-producing asset but also an exciting opportunity to secure one of Stillwater’s most recognizable properties. It offers investors the perfect combination of character, performance, and long-term potential.