Former TG&Y Department Store - Historic Capitol Hill
15,000 SF Vintage Envelope | New Elevator
Marketing description
Originally constructed in 1928 as the Building & Loan Association, this iconic red brick structure in the heart of Capitol Hill was later home to a beloved T.G.&Y. variety store—an Oklahoma institution. Today, the building stands ready for its next chapter, offering ±15,000 SF of flexible commercial space with upgraded systems and unbeatable positioning within one of Oklahoma City’s most dynamic, culture-rich districts.
Spanning two floors, the ±7,000 SF ground level features a column-supported open layout ideal for retail, creative build-out, or community use. The second floor includes a corridor-style configuration with multiple offices and rooms, as well as a mezzanine overlook that adds architectural character and functional versatility. The building also includes alley access with a service entrance and a non-operational freight elevator shaft in place for future retrofit potential.
Significant capital improvements have already been made: a new passenger elevator (2025), rooftop HVAC units, 3-phase electric, sprinkler-ready fire riser, and extensive plumbing infrastructure supporting 7+ restrooms and shower-ready areas. The utilities are in place for rapid occupancy or adaptive reuse, making it a strong candidate for everything from a creative office campus to a nonprofit headquarters, event space, retail/medical hybrid, restaurant and more
Investment highlights
±15,000 SF Historic Commercial Building
Constructed in 1928 and structurally preserved, this two-story building includes original red brick, mezzanine, storefront windows, and updated building systems—ideal for repositioning.Upgraded Core Infrastructure
Major systems have been modernized, including a 2025-installed passenger elevator, new HVAC units, 3-phase electric, and commercial plumbing throughout both floors. The building is also sprinkler-ready, with a fire riser installed.Flexible Use Potential
Zoned within the Urban Design District, the property is well-suited for creative office, retail, mixed-use, education, nonprofit, or institutional concepts. Open-span layouts, column support, and upstairs office buildout allow flexible configurations.Strategic Location in Capitol Hill
Located just south of Downtown OKC, the building sits in one of the city's most exciting growth districts. Within a 1-mile radius lies the Wheeler District, Scissortail Park, the OKC River Trails, and hundreds of new rooftops—bringing daily foot traffic and increasing visibility.Steps from the New $3M Plaza
Capitol Hill Plaza, currently under construction just half a block away, is bringing art, events, lighting, and green space to the corridor—amplifying activity and foot traffic in the immediate area.Surrounded by $1B+ in Public & Private Investment
The district is experiencing transformative growth, including the $900M OKC Thunder arena, Wheeler’s 199-unit multifamily buildout, public trail expansions, and continued commercial revitalization across SW OKC.Authentic, Story-Rich Identity
Formerly home to the Building & Loan Association and later a T.G.&Y., this structure is part of Capitol Hill’s architectural and cultural legacy. For investors and users, it offers both presence and narrative.Walkable and Transit-Connected
With access to street parking, I-35, public transit, and downtown trails, the property is easily reachable from anywhere in the metro.
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