117 W Harrison Ave, Guthrie, OK 73044

117 W Harrison Ave presents a rare opportunity to acquire a stabilized, mixed-use historic asset in the heart of downtown Guthrie’s busiest corridor. Built in 1902 and once home to the well-known Fatty Mater’s Saloon, this ±10,000 SF multi-use property combines historic character with meaningful modernization already completed throughout the building. Unlike many peer properties in Guthrie’s historic district that still contain raw or under-improved areas, 117 W Harrison has already undergone significant work to bring the building into a more functional, leasable, and modernized condition — a major advantage given the substantial cost of improving historically registered buildings.

The property includes two commercial/retail spaces on the lower level, which can be leased separately or combined, along with three residential units above. The building has demonstrated strong leasing demand across both the residential and commercial components, with limited vacancy history and frequent tenant interest when space becomes available. Recent building improvements include a new electrical panel, and the property has been thoroughly inspected with highly positive feedback regarding its overall condition.

Now offered at a reduced price of $1,399,999, this asset delivers a 7.2% cap rate in one of downtown Guthrie’s most active and recognizable locations. Additional value is found in the rare inclusion of two private parking spaces, a major differentiator among comparable downtown historic properties. Positioned directly across from the Pollard Theatre and just steps from ongoing investment two doors down that is expected to bring new dining and business activity to the block, 117 W Harrison offers investors a compelling blend of income, character, location, and long-term upside.