CBRE is pleased to announce their firm has been selected to market the Sand Springs Powerhouse at 221 South Main Street in Sand Springs, Oklahoma.
Aptly named as the Sand Springs Powerhouse, the red brick building at the corner of S. Main and Morrow was opened by Charles Page in 1911 and served as the town’s power plant for many years. As Sand Springs grew, the building was expanded in 1919, 1925 and a final time in 1935 and was added to the National Historic Places list in 1998.
The property encompasses 31,759-square-feet on a 1.86-acre lot. It is easily accessible, located just to the south of Highway 412 and to the east of the Sand Springs primary retail corridor.
Dwayne Flynn, SIOR, CCIM, and Ryan Shaffer, CCIM, are representing the seller, Spring Loaded Properties, LLC.
“Given the age, structure and design of the building, this remarkable property affords an owner the chance to create a multi-tenant or multi-use facility that could be positioned as a regional retail attraction,” says Mr. Flynn, First Vice President at CBRE. “This is a rare opportunity to own a piece of history in the Tulsa area. With its unique architecture, exposed steel and brick walls and great clear heights, the possibilities for the right owner are exciting.”
In addition to accessibility and one-of-a-kind architecture, the property parking can be expanded to almost 400 spaces and several files and renderings are available from a local architect that demonstrate potential layouts. These conceptual drawings illustrate options for several building uses, including a restaurant, large event center, brewery as well as some smaller retail or office spaces.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.