Newcastle, OK 73065
102104 NW 16th Street, Newcastle, OK 73065
8,735 sq ft · Built 1979
The details
About this home
RE-LAUNCHED AT $799,999 | INCOME IN PLACE + VACANT SPACE + VALUE-ADD POTENTIAL~Take another look at this unique commercial opportunity in Newcastle! Situated on approximately 2.15 acres, this multi-building property offers an attractive combination of existing rental income, immediately available commercial space, and future investment or redevelopment potential. A portion of the property is currently occupied by an established granite manufacturing company under a modified gross lease, providing income from day one. The former daycare space is now vacant, creating an immediate opportunity for a new tenant, owner-user, or alternative commercial use. For an investor, the vacant space provides an opportunity to add another revenue stream and increase NOI. For an owner-user, it offers available space for operations while benefiting from income generated by the existing tenant. For a developer, the existing income provides cash flow while evaluating the property's longer-term potential and highest and best use. Another major box has already been checked: a Phase I Environmental Site Assessment has been completed with no recognized environmental concerns identified, subject to review of the final report. Now aggressively repositioned at $799,999 with a motivated seller, this property deserves a fresh look.
Price history
History from MLS records since this home was listed.
Monthly cost
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Principal, interest, taxes, insurance, and HOA.
The MLS reports $990 in annual taxes, which may not reflect the next owner's assessment. This calculation starts with a planning allowance of 1.1% of the price. Adjust taxes below after confirming the amount with your lender or county assessor.
- Principal & interest
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- Property taxes
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- HOA
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Planning estimate, not a quote. Rate and insurance are editable assumptions. Taxes can change after purchase; confirm HOA dues and their frequency. Mortgage insurance, closing costs, and maintenance are not included.
Recently sold nearby
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Listing provided courtesy of Tiffany M Elcyzyn, Realty of America LLC (405-529-0148). Status: Active.
Listings courtesy of MLSOK as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of Sep 23, 2026, 4:15 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS, as established by the applicable MLS Governing Documents.
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Data last updated Sep 23, 2026, 4:15 PM CT. MLS # 1223990. Homestead & Co is a licensed Oklahoma real estate brokerage.
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