631 N Denver Ave, Tulsa, OK 74106

Executive Summary

A distinctive value add opportunity in downtown Tulsa’s Historic Brady Heights, directly across from the iconic Brady Mansion. The City Heights Campus blends heritage architecture and modern commercial appeal, offering substantial upside potential through adaptive reuse, hospitality programming, and residential development.

Investment Highlights

• Price: $2M with only $200K down through seller financing

• Structure: 36,938 sq. ft.

• Appraised stabilized value: $3.23 million,

• Comparable sales average $68–77 per sq. ft.

• Zoning: Flexible for mixed-use integration

• Historic architecture suitable for tax credit and grant programs

• Future upside: Entitled for 5-story multifamily expansion

Financial Snapshot

• Stabilized Gross Annual Income: ≈ $523,560

• Estimated Operating Expenses (35%): ≈ $183,000

• Projected NOI: ≈ $340,000

• Stabilized Value @ 10% Cap: ≈ $3.4M

• Appraised Stabilized Value: $3.23M

• Equity Gain at Stabilization: ≈ $1.2M+

Core Redevelopment Vision

• Coworking Offices – Flexible private and shared workspace for entrepreneurs and creatives

• Coffee Shop & Wine Bar – Social anchor in the church’s historic Narthex, ideal for daytime and evening traffic

• Speakeasy Lounge – Concealed, prohibition-style venue in the lower level for nightlife and private gatherings

• Restaurant & Covered Patio – Full-service dining inspired by Tulsa’s emerging culinary trends

• Event Center (Sanctuary conversion) – Cathedral-grade architecture for weddings, galas, and corporate events

• Creative Offices / Studios – Adaptive suites for small agencies, production teams, or wellness tenants

• Rooftop Bar Opportunity – Activated skyline bar with panoramic views and seasonal outdoor programming

• Use Case Options for Investors

  • Lifestyle Mixed-Use Campus

    • Lease to synergistic operators — coworking, restaurant, event venue, and bar — diversifying risk across multiple revenue streams.

  • Entertainment & Events Hub

    • Repurpose sanctuary into premium live-event space and pair it with high-yield evening tenants like bar, lounge, and food operators

  • Leasing to a Religious, Civic, or other Nonprofit Organization

    • Community-centered use while maintaining its tax benefits and structural integrity generating steady passive income.

  • Live-Work-Play Redevelopment

    • Phase construction of residential building while activating commercial spaces for interim income.

  • Boutique Hospitality Conversion

    • Turn the site into a destination boutique hotel with event space, speakeasy, and signature restaurant. Historic tax credits could reduce capital expenditure by 20–30%.

  • Development Site Potential

    • 5-Story Rental Apartment or Boutique Hotel on adjacent parking lot

    • Ground-floor retail or café space

    • Added residential foot traffic to fuel the commercial ecosystem

Projected Rent Roll (Stabilized Proforma)

• Office / Coworking

  • Potential Monthly NOI: $7,500–$9,000

• Coffee/Wine Concept

  • Potential Monthly NOI: $3,500–$5,000

• Event Center

  • Potential Monthly NOI: $10,000–$20,000

• Restaurant / Lounge

  • Potential Monthly NOI: $6,000–$8,000

• Future Apartments

  • Potential Monthly NOI: $25,000+

Competitive Advantages

• Prime location in Tulsa’s revitalizing Brady Heights cultural district

• Adjacent to Brady Mansion & Downtown Arts Corridor

• Historic character impossible to replicate

• Scalable; capable of phased development to align with market timing

• Unique mix of revenue types and lifestyle appeal

With an appraised value of $3.23M and available today for only $2M—with flexible seller financing—City Heights Campus delivers exceptional upside at a fraction of replacement cost. Opportunities like this rarely hit the market. Act now to secure one of Tulsa’s most iconic mixed-use properties.

Contact us today at 918-992-2292 to seize this opportunity.