Tulsa CBD Landmark Tower Conversion 624 S Boston Ave 6 713 m² Inoccupé Bureau Vente aux enchères en ligne Tulsa, OK 74119

624 S Boston Avenue presents a compelling opportunity to revitalize a historic downtown Tulsa landmark through a value-add office strategy, with flexibility for a potential boutique hotel conversion. Located within Tulsa’s celebrated Art Deco District, the building will be delivered vacant, creating an immediate path to execution for investors seeking to lease, reposition, or reimagine one of the city’s most recognizable historic assets.

Originally constructed in 1928 on 0.16 acres, the 72,253-square-foot, 11-story building has undergone extensive renovations that enhance functionality while preserving its historic appeal. Improvements include automated HVAC controls, plumbing upgrades, a refinished parking lot, and a modified bitumen roof replaced in 2016. Five floors have already been converted to flexible creative office space featuring open layouts and 12-foot ceilings, providing a strong foundation for a value-add leasing strategy. Additional infrastructure includes two passenger elevators, a freight elevator, and 77 surface parking spaces, supporting efficient operations today while also providing flexibility for future redevelopment plans.

624 S Boston Avenue presents a compelling platform for boutique hotel conversion, leveraging its historic Art Deco architecture, vacant delivery, and adaptable floor plates to introduce a differentiated hospitality offering within one of Tulsa’s most recognizable downtown districts. With more than 10 million annual visitors, approximately $1.4 billion in tourism-related economic impact, and just 16 existing hotel properties serving the CBD, investors have the potential to capitalize on growing visitor demand while activating a landmark property with a distinct identity and sense of place.

The property benefits from exceptional accessibility, with convenient connections to US-75, Highway 64, and Tulsa International Airport. Its downtown location places future tenants and guests near major employers, entertainment venues, convention destinations, and cultural attractions throughout the urban core. Strong surrounding demographics include a growing population, substantial daytime employment, and a well-educated workforce supported in part by nearby OSU-Tulsa. Office market fundamentals remain encouraging, with a 10.5% vacancy rate below the five-year average, steady rent growth, no new inventory currently under construction, and more than $53.9 million in office sales volume during the past 12 months. Together, these factors support multiple avenues for value creation within one of downtown Tulsa’s most recognizable historic properties.

Property tours are by appointment only. Please contact the listing broker to schedule.