The Lofts at Grand — Historic Pabst Building

Investment Overview

Three historic buildings on a single block of downtown Ponca City, offered as a portfolio at $1,500,000 or individually. The package pairs a completed, fully occupied mixed-use redevelopment — The Lofts at Grand at 201 E Grand Avenue — with two neighboring buildings at earlier stages of the same program: 107 N 2nd Street, with an occupied ground-floor studio and architectural plans drawn for two upper-floor apartments, and 112 N 3rd Street, a 4,762 SF shell ready for conversion. For a single buyer that is a stabilized income anchor, a near-term lease-up and a ground-up value-add in one closing, all inside the National Register-listed Downtown Ponca City Historic District and all within a block of the Poncan Theatre. The seller has already proven the playbook: the Pabst Building conversion at 201 E Grand delivered four one-bedroom lofts that lease at $1,200–$1,300 — the top of the Ponca City market — over a full-service restaurant paying $3,000 per month. The two remaining buildings offer the chance to repeat it from a $74–$117 per-square-foot basis. Ponca City has invested alongside: a $968,000 Grand Avenue streetscape completed in 2025 and a downtown incentive program aimed at exactly this kind of upper-floor residential activation. The portfolio is offered at $106 per square foot blended — below the documented cost of the completed conversion next door.

Investment Highlights

• Three buildings, one downtown block: 14,151 SF across 201 E Grand, 107 N 2nd and 112 N 3rd, all in Hartman Addition Block 39
• Stabilized anchor: The Lofts at Grand — four occupied lofts ($5,000/mo) over El Patron Mexican Grill ($3,000/mo), $96,000 scheduled annual income, $444,270 in documented 2024–25 capital improvements
• Near-term upside: 107 N 2nd — occupied ground-floor studio at $1,450/mo, upper floor with plans drawn for two 2BR/2BA apartments
• Value-add: 112 N 3rd — 4,762 SF vacant shell on the same block, $74/SF basis
• Proven product: the seller's loft conversion leases at $1,200–$1,300, 25–45% above every other one-bedroom in Ponca City
• Public reinvestment: 2025 Grand Avenue streetscape; city incentive program supporting historic rehabilitation and upper-floor residential
• Offered as a package or individually — the seller will consider offers on any combination