
Improved Mixed-Use Land for Sale in Newcastle, Oklahoma
102104 NW 16th St, Newcastle, OK 73065
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.
Location
- Street address
- 102104 NW 16th St
- County
- McClain County
- Elevation
- 1,191 feet
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
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 18, 2025 | Price drop | $1,125,000 | $75,000 -6.3% | OCMAR |
| Sept 30, 2025 | Price drop | $1,200,000 | $299,000 -19.9% | OCMAR |
| June 27, 2025 | New listing | $1,499,000 | — | OCMAR |






































