11200 N Eastern Avenue Oklahoma City, OK $ 4,000,000
11200 N Eastern Avenue
$ 4,000,000
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11200 N Eastern Avenue

Oklahoma City, OK, 73131
$ 4,000,000
Baths0.0 Sq 10,032

Monthly Estimate*

$ 26,585

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Studio

Commercial Property for sale in Oklahoma City, OK

for $4,000,000. This 10,032 square foot building was built in 2015 on a lot size of 10.

MOTIVATED SELLER !! The Montellano Event Center, a captivating turn-key facility nestled on 10 acres in Oklahoma City, offers a tranquil touch of Tuscany while hosting a wide range of social gatherings. The 10,000 square-foot center specializes in weddings -- both indoor and outdoor. It has also hosted wildly successful receptions, bridal/baby showers, birthday parties, graduations, proms, class and family reunions, retirement parties, holiday celebrations, business conferences, celebrations of life, plus watch parties, many of which have been shown on a retractable 12.5-foot-by-7.5-foot, high-definition screen. A well-situated bar with three serving counters and a large kitchen more than satisfy the lofty demands of the center’s popular bar and catering services. A 3,000 SF reception hall comfortably seats 200-250 for dining while the 2,700 SF (plus a 300 SF stage) ceremony room seats 300 for weddings. Amenities include a separate bridal suite and groom's room with their own on-suite changing areas and restrooms. A partially covered back patio area perfect for mingling and cocktails overlooks a breathtaking greenbelt outdoor ceremony site with its step-down tiered lawn and rock stairway. In the last five years, the Montellano has held 309 events, averaging 62 functions annually and drawing a total of 46,350 patrons (roughly 150 people per gathering). This success came despite the overwhelming challenges surrounding COVID. This thriving business includes the furnishings and inventory necessary to stage and expand the venture. Plus, there is plenty of private parking. The opportunities while serving as the venue’s new host are endless. NOTE: To fulfill their contractual obligations, current ownership is offering to assist with the transfer process of the sale by hosting all previously scheduled events. Bookings will continue to be accepted for events through 2024.

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Commercial Active

Price

$ 4,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

10

Year Built

2015

Town/City

Oklahoma City

County/Region

Oklahoma

MLS | Web ID

1073867

Features
General
Sewer Septic Tank
Construction Brick Steel Stucco
Parking Concrete Drive
Water Well At Site With Pump
Zoning Commercial
Gas Y/N Public
Electric Public
Handicap Access 1
Sub Type Special Purpose
Terms of Sale Cash Conventional
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Interior
Cooling System Central Elec
Heating System Central Electric
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* Excluded Features
List By
John Rohde

Listing Agent

Stetson Bentley

Broker

(405) 203-4325

Phone

Affordability Calculator

$26,585
Per Month
100%
0%
0%
Monthly Principal & Interest
$26,585
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
304713 Elementary School
304843 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/17/2023$4,000,000 Listed Price

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11200 N Eastern Avenue, Oklahoma City, OK, 73131 is a Commercial Property for sale at $4,000,000 with 10,032 sqft and a lot size of 10. 11200 N Eastern Avenue is a studio with 0.0 baths and was built in 2015. The property's zip code is 73131 which is in Oklahoma City, OK