201 E Grand Ave, Ponca City, OK 74601

Property Description

Historic character. Modern redevelopment. A front-row position in the revitalization of Downtown Ponca City. Offered at $810,000, The Lofts at Grand presents a rare opportunity to acquire a historic Pabst Building at 201 E Grand Avenue, a fully renovated mixed-use property combining an established ground-floor restaurant with four distinctive residential lofts above. The 6,364 SF building sits at the corner of Grand Avenue and N 2nd St in the heart of Downtown Ponca City Historic District. The upper floor was completely transformed in 2025 into four one bedroom loft apartments designed to preserve the character of the historic building while delivering a modern residential experience. Exposed brick and high ceilings are paired with granite countertops, stainless steel appliances, LVP flooring, tile showers, in unit laundry and keypad entry. Behind the finishes, extensive capital improvements included new fire suppression, mini-split HVAC systems, electrical, plumbing, water heaters, framing, drywall and insulation addressing many of the major systems buyers typically worry about in a historic property. All four lofts are currently occupied, with two residences leased at $1,200/month and two at $1,300/month. The ground floor is occupied by El Patron Mexican Grill at $3,000/month, giving the property an attractive combination of residential and commercial tenancy. The story extends beyond the building itself. Ponca City has made a significant investment in its downtown core, completing a major Grand Avenue streetscape project with landscaped intersections, decorative lighting, improved walkability and additional downtown parking. The city continues to encourage redevelopment and activation of historic downtown buildings, including upper-floor residential uses. Ponca City Main Street. Located Just a couple blocks from the historic Poncan Theatre and within walking distance of City Hall, restaurants, retail and downtown destinations, The Lofts at Grand sits squarely within that momentum. The surrounding downtown district is listed on the National Register of Historic Places and includes 109 contributing buildings. The heavy lifting has already been done. Rather than taking on the uncertainty, time and expense of converting a century old downtown building, the next owner steps into a completed mixed use redevelopment with modernized systems, occupied residential units, an operating restaurant below and a location benefiting from continued public and private reinvestment. This is more than an income property—it is an opportunity to own a restored piece of Ponca City's history while participating in the next chapter of its downtown.