Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the Landmark Art-Deco Oklahoma Natural Gas Co. Headquarters Building in downtown Tulsa, OK. This 10-story, 72,280-square-foot property, built in 1928 and listed on the National Register of Historic Places, offers a rare opportunity for adaptive reuse while also in an opportunity zone. Plans include converting the building into a 136-room boutique hotel or a multi-family development, both supported by feasibility studies. The Seller is open to contributing the property to a joint venture and offering seller financing to reduce upfront costs. The property is zoned for hotel use and qualifies for State and Federal historical tax credits, Tax Increment Differed, and C-PACE financing. Prominent brands Hilton and Marriott have expressed interest in affiliating with the project under their Tapestry Collection or Tribute Portfolio flags, enhancing its market potential. Located in the heart of downtown Tulsa, the property benefits from proximity to major employers, government offices, and attractions like the Arvest Convention Center (275,000 square feet of meeting space) and the BOK Center (19,199 seats and 50+ annual events). The strategic location ensures strong demand for both hospitality and residential uses. With downtown Tulsa undergoing significant redevelopment through collaborative efforts by city agencies, the Chamber of Commerce, and Tulsa Regional Tourism, this project aligns with broader revitalization goals. Developers have a unique opportunity to be part of Tulsa’s urban transformation while preserving a historic landmark and contributing to the city’s evolving landscape.