OFFICE BUILDING * OILFIELD MAN CAMP * MISSION SHELTER

UNDER CONTRACT


OFFICE BUILDING * OILFIELD MAN CAMP * MISSION SHELTER COMMERCIAL BUILDING * INCOME PRODUCING HISTORIC CORNELSEN HOTEL


This commercial building was built as the Cornelsen Hotel in 1928 and was operated that way until 1967. It was then purchased by another party and they renovated the 1st, 3rd and 4th floors to office space. In 2001, the Ewbank family started conducting updating including wiring, water lines, roof, windows, etc.

1st floor, has 5 separate offices, ballroom and commons area 3 new HVAC units and 2 updated.

2nd floor, the original hotel rooms were updated in 2011 and 2012 with new water lines with circulating hot water, new windows and a common kitchen finished. (6 rooms fully refurbished and 3 rooms at 50%, each have bathroom, tub and shower). There is an addition men and women bathroom.

3rd floor, has 7 offices, a common area, 3 open offices, 2 bathrooms. 1 new HVAC unit and 3 updated units.

4th floor, has nice size conference room w/wet bar, 4 offices with 6 open office spaces, 2 bathrooms and a server/mechanical room. 4 HVAC units updated.

5th floor, is currently empty open storage space that can easily be converted to office, lounge or living space.

6th floor, with is the head house for elevator with roof access (Elevator is serviced by Kone of OKC). The entire building is serviced with a Montgomery electro mechanical elevator system, as well as, stairs to each level. The roof has recently been updated and the entire building appears to be in very good condition. There is approximately 17,600 Sq. Ft. in this building

Auctioneers Note: This is not only the chance to purchase an incredibly historical building, but also the opportunity to create a great income producing property. The property could easily be converted and used for oilfield housing, or even just month to month rentals.  Be sure to attend this auction!

Previewing/Inspections:  Previewing and inspections can be done at any time from 9AM to 4PM without notice. Please be courteous to tenants and business while conducting preview and inspections!

History of Fairview:  Fairview, OK is a community that runs from 2,500 to 3,000 in population and is deep in the heart of industries that involve oil, gas, farming and ranching. Fairview is the county seat of Major County and is live with small businesses, banking, professional services, cattle and grains services, several large oil field service and production companies and lots more!

Taxes: $1,240.68

Possession: will be given at closing, subject to the existing tenant agreements (see tenant contract on website under documents).

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Contact: Troy Lippard

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