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Improved Mixed-Use Land for Sale in Newcastle, Oklahoma

102104 NW 16th St, Newcastle, OK 73065

$1,125,000
2.15 acres
Active
$75k drop
Est $5,595/mo

Investment Portfolio Overview - Newcastle, Oklahoma

This two-building commercial portfolio offers investors a stable, income-producing asset in the growing Newcastle submarket, strategically positioned between Norman and South Oklahoma City. With a mix of Triple Net (NNN) and Modified Gross leases, the portfolio delivers both consistent returns and balanced exposure across two established tenants with long-term operational histories. On-site businesses with standing leases to include: A Licensed Daycare Facility(2980SF): Fully compliant and operating with strong community demand, this daycare is well-established and equipped with classrooms, outdoor play areas, and secure entry points. Granite Manufacturing Business(1225SF Office, 4600SF Warehouse): Featuring ample workspace, specialized equipment, and efficient layout, this business serves both residential and commercial clients with a proven track record and growth potential. Additional highlights. Acreage included, allowing room for future expansion, storage, or additional development. Convenient access to major roadways, with ample parking and gated drive. Whether you're looking to expand your portfolio or establish your presence in a growing area, this is a rare opportunity to own a multi-stream income property with immediate returns. Serious inquiries only. Financials and lease details available with signed NDA. For an investor-developer, this asset represents a rare hybrid -- a property that produces reliable current income while sitting squarely in the path of major infrastructure and institutional expansion. As the new turnpike and the Indian Nation Hospital open, this corridor will transition from local service retail to a regional commercial hub.

Owning this portfolio today positions a buyer to capture the upside of tomorrow's Newcastle -- whether through redevelopment, repositioning, or long-term appreciation.

8,735
Sq feet
1979
Built

Location

Street address
102104 NW 16th St
Elevation
1,191 feet
Coordinates
35.2611, -97.6018

Directions

From Highway 62 and SW 16th Street in Newcastle, turn west to the property that sits just behind a gated driveway on the south side of the street. (Behind the Doctors office)

Property details

Acreage
2.15 acres
Zoning
Commercial
MLS #
OCMAR 1177758
Posted

Property taxes

Recent
$990

Parcels

  • 102104NW16th73065

Details and features

Listing

Type
Commercial Sale

Structure

Materials
Frame

Listing history

DateEventPriceChangeSource
Nov 18, 2025Price drop$1,125,000$75,000 -6.3%OCMAR
Sept 30, 2025Price drop$1,200,000$299,000 -19.9%OCMAR
June 27, 2025New listing$1,499,000OCMAR
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Payment calculator

This 2.15-acre property is located at 102104 NW 16th St in Newcastle, OK 73065. The property is available for sale for $1,125,000. It has a 8,735 sq ft structure built in 1979.

Checked 1 hour ago — Updated

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