Property Description

Commercial Property Listing - Airport Road, Stillwater OK PRIME COMMERCIAL DEVELOPMENT OPPORTUNITY - Located in an Opportunity Zone! Discover an exceptional 7.71-acre development opportunity with tremendous potential in one of Stillwaters growing corridors. This strategically located property offers approximately 662 feet of valuable frontage along Airport Road. The property features dual zoning that maximizes development possibilities. The northern portion is zoned Commercial General, providing frontage along Airport Road ideal for office, warehouse, business or mixed-use development. The southern portion is zoned RSS Small Lot Single Family, offering residential development opportunities that abut an existing housing addition, creating seamless integration with the established neighborhood. Additionally, the abutting property on the east is zoned multifamily, further supporting the potential for rezoning portions of this property to multifamily use. In the area there is Two-Family and Light Industrial Zoning as well. OPPORTUNITY ZONE TAX BENEFITS: This property is located in a federally designated Opportunity Zone, providing significant tax advantages for qualified investors. Investors can defer capital gains taxes by reinvesting them into this Opportunity Zone property and may qualify for tax-free treatment of future appreciation if held for ten years. Consult your tax advisor to learn how this designation could benefit your investment strategy. Location advantages are unmatched, with the property situated very close to Stillwater Regional Airport. The timing couldnt be better as the new airport terminal nears completion, bringing increased traffic and business activity to the area. As Stillwater continues its robust growth pattern, new businesses are establishing themselves throughout the area, creating a dynamic commercial environment. This property positions investors and developers at the forefront of this expansion, offering the rare combination of prime location, flexible zoning, substantial acreage, and excellent road frontage. As an added value to serious developers and investors, the seller has prepared three different concept plans that demonstrate various development scenarios for the property. These professionally prepared plans can be shared with qualified buyers, providing valuable insight into the propertys potential and potentially saving significant time and planning costs in the development process. With endless possibilities and a location thats only going to become more valuable as development continues, this represents a unique opportunity to be part of Stillwaters exciting future.

Property Features

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