Historic Mixed-Use Facility in
117 Caddo Street Ardmore, OK 73401
117 Caddo Street, Ardmore, OK, 73401
$1,400,000
For Sale
$1,400,000
COMMERCIAL - Ardmore, OK
Property Size8,698 SF
Lot Size0.23 Acres
Price / SF$160.96
Days on Market195
Property Features for 117 Caddo Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Interior features
- Display Window, Equipment Remarks, High Speed Internet, Internal Expansion Area, Inventory Remarks, Public Restrooms
- Exterior features
- Sidewalk
- Standard status
- Active
- APN
- 0010-00-305-009-0-001-00
- Size
- 8,698 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0010-00-305-009-0-001-00 - ARDMORE LOTS & BLKS, BLK 305 (FRALEY'S RE-SUB) LOT 9-13 LOT 32 N 10 E 25 (10X25)
- Tax Annual Amount
- 2556
Utilities
- Utilities
- Cable Available
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1909
- Flooring type
- Concrete
- Building materials
- Brick
Listing Agency
BaseCamp Realty
(405) 990-7634
8 E Main Street, Ardmore, OK
Listed by
Sandra Wells · License #108652
(580) 798-3018
Added: Jan 7 Updated: May 14 at 2:06 am Checked: Jul 21 at 4:06 am
MLS# 2600750
Copyright © 2026 MLS Technology, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Historic Depot District in Downtown Ardmore, this mixed-use facility is directly across from Cafe Alley and next door to the Dew Drop Inn. The renovated historic building, estimated to have been built in 1909, features charm and creativity suitable for events. The property includes two additional lots to the west, totaling approximately 100' x 90', for on-site parking, in addition to street parking. The building has an estimated 9,348 square feet of gross building area. There are seven bathrooms combined. Each unit has center HVAC as well as City of Ardmore water, sewer and trash services. All spaces are joined together by a center walkway from the street & the quaint private rear courtyard. Custom features such as metal awnings, door handles, and light fixtures add to the historical charm. The property is zoned C1. The popsicle and kitchen equipment, along with the event venue staging inventory, are included. The well-known and established event venue has several opportunity flex spaces including a commercial kitchen. The rental possibilities are expandable.
Key Highlights
- Prime location in the Historic Depot District, Downtown Ardmore, near popular establishments.
- Includes two additional lots (approx. 100' x 90') for on‑site parking.
- Well‑known and established event venue with opportunity flex spaces.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.7k | $21.24 |
| − Vacancy | −$19.0k | −$2.19 |
| EGI | $165.7k | $19.05 |
| − OpEx | −$49.7k | −$5.72 |
| NOI | $116.0k | $13.34 |
8,698 SF · lease $21.24/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.66M
$1.45M – $1.93M
NOI $116,002 @ 7.0% cap · market cap 8.29%
Second Best
Specialty Retail
$1.54M
$1.35M – $1.79M
NOI $107,677 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,146 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wedding venues
Similar For Sale Nearby
FAQs
What type of property is this?
Wedding venue - Renovated historic building in the Depot District, Ardmore, Oklahoma.
Where is this wedding venue located?
The property is located at 117 Caddo Street Ardmore, OK.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location in the Historic Depot District, Downtown Ardmore, near popular establishments.; Includes two additional lots (approx. 100' x 90') for on‑site parking.; Well‑known and established event venue with opportunity flex spaces.
