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3336 S Commerce St Ardmore, OK 73401

For Sale
$1,350,000

Two self-storage facilities with expansion potential in Ardmore, Oklahoma.

Property size:
38,858 SF
Lot size:
5.03 Acres

Property Features for 3336 S Commerce St

General Information

Size
38,858 SF
Lot size
5.03 Acres

Source: Franklin Street | Charlotte Agent Joseph (Joe) Lombardo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Value-Add Self Storage Portfolio

This portfolio comprises two self-storage facilities totaling 37,708 net rentable square feet of non-climate storage, 1,150 square feet of office/apartment space, and 15 outdoor parking spaces. One facility, located at 3336 Commerce Street, is situated on five acres and offers ample room for future expansion. The facilities are located less than two miles apart, allowing for management and operational efficiencies. There is an opportunity to improve revenue over time through lease-up, stabilization, and implementing the capital expenditure improvements needed to bring unrentable units back online. Solid demographics are highlighted by a growing population of 29,343 residents and an average household income of $66,293 within five miles of the facilities. Revenue can potentially be increased by steadily raising below-market rents and implementing scheduled existing customer rent increases.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Building Supply Auto Repair Shop Wholesale Shop Auto Parts Store Gym & Fitness Department Store Food Market Bar & Pub Electrical Service Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ardmore
County
Carter
State
Oklahoma
Longitude
-97.1426744
Latitude
34.1349504

FAQs

What type of property is this?
Self storage facility - Two self-storage facilities with expansion potential in Ardmore, Oklahoma.
Where is this self storage facility located?
The property is located at 3336 S Commerce St Ardmore, OK.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: - Heavy value-add self-storage portfolio with significant revenue upside through lease-up, stabilization, and CapEx improvements.; - Opportunity to increase revenue by raising below-market rents and implementing scheduled existing customer rent increases.; - Two locations totaling 37,708 NRSF of non-climate storage, 1,150 NRSF of office/apartment space, and 15 outdoor parking spaces.
More about this property
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