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29146587
29095078

401 E 11th St, Tulsa, OK 74120

EE
OK 018136
SVN | OAK Realty Advisors
CF
OK 210148
SVN | OAK Realty Advisors
SD
OK OK 024512
SVN | OAK Realty Advisors
Listed by SVN | OAK Realty Advisors
$3,200,000
187 days on market
Updated 38 days ago
Opportunity zone

Tulsa Public Market

Details
Property Type Retail
Sub Type Grocery Store, Restaurant
Square Footage 13,400
Net Rentable (SqFt) 13,400
Cap Rate 4.27%
NOI $136,500
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.21%
Pro-Forma NOI $294,800
Price per SqFt $239
Year Built 1929
Year Renovated 1994
Acreage 1.990
Investment Type Redevelopment

Retail | 4.27% CAP | 13,400 SqFt

Marketing description

The Tulsa Public Market is offered as a compelling opportunity to invest in a transformative, grocery-anchored mixed-use redevelopment at the gateway to downtown Tulsa. The project is owned by Tulsa Public Market 1929, LLC, a Tulsa-based, family-owned development entity formed by Boston Avenue Realty (BAR) to execute the repositioning of this historic asset.

Situated on 1.99 acres within a federally designated Opportunity Zone, the property is planned for expansion from its existing 13,400 SF historic structure into a 25,000–32,000 SF destination public market and restaurant-oriented retail center. The concept emphasizes adaptive reuse, historic preservation, and new construction to create a high-traffic, community-focused anchor serving downtown, the East Village, and surrounding neighborhoods.

The total project budget, inclusive of acquisition, demolition, new construction, and historic renovation, is estimated at approximately $7.0 million. BAR is seeking experienced equity partners to participate at the project level through a newly formed joint venture. This structure allows incoming investors to participate in a high-impact redevelopment while enabling BAR to realize partial liquidity and retain long-term ownership and development participation.

The offering presents a rare opportunity to invest alongside a proven local development team in a catalytic downtown project with meaningful tax advantages, strong placemaking fundamentals, and long-term upside driven by continued urban growth and revitalization.

Investment highlights

  1. Gateway Downtown Location at 11th Street and Elgin Avenue with exceptional visibility, access, and traffic exposure.

  2. Opportunity Zone Site spanning 1.99 acres, offering potential long-term tax-advantaged returns.

  3. Historic Redevelopment Opportunity expanding the existing 13,400 SF structure into a 25,000–32,000 SF grocery-anchored public market and restaurant destination.

  4. Destination-Oriented Concept designed to drive daily foot traffic through essential retail and experiential food offerings.

  5. Catalytic Infill Project positioned to anchor continued growth in downtown Tulsa and the East Village submarket.

Listing Contacts

EE
OK 018136
SVN | OAK Realty Advisors
CF
OK 210148
SVN | OAK Realty Advisors
SD
OK OK 024512
SVN | OAK Realty Advisors
Listed by SVN | OAK Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$136,500.00
$11,375.00/mo

Valuation Metrics

0
DSCR
4.27%
Cap Rate
4.27%
ROI

Map

Zoning

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CBD CommercialCore CommercialCentral Business District
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Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Ethan Elbert
License
018136
Brokerage
SVN OAK Realty
Brokerage Phone
9188575764
Title
Advisor
Brokerage Address
5553 South Peoria Avenue
Name
Caden Farmer
License
210148
Brokerage
SVN Oak Realty
Brokerage Phone
214-843-8502
Title
Broker
Brokerage Address
5553 South Peoria Avenue
Name
Susan Davis
License
OK 024512
Brokerage Phone
918-924-6199
Brokerage Address
5553 South Peoria Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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