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    Nw & Merrick Ave Ardmore, OK 73401

    For Sale
    $859,873

    5.64 Acres, Prime Location, $859,873

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.64-acre commercial land parcel presents a unique investment opportunity in Ardmore, Oklahoma. Located at the intersection of Shenandoah NW and Merrick Ave, this property boasts significant frontage, ideal for a variety of commercial developments. The asking price is $859,873, offering a land value of $3.50 per square foot. Currently zoned RS-9 (Single Family Detached), the property presents potential for rezoning, subject to city approval, to accommodate a wider range of commercial uses. The site's strategic location within Ardmore provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic area. While two purchase options are available, the seller prefers a single buyer at the listed price. This prime piece of land offers significant potential for growth and return on investment, making it a compelling opportunity for developers and investors alike. The property is situated in Carter County, Oklahoma, with a zip code of 73401. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a substantial commercial land holding in a thriving Oklahoma community.

    Property Features for 0 Nw & Merrick Ave

    General Information

    Property type
    Land
    Lot Size
    245,678 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1480555
    Latitude
    34.1923537

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    FAQs

    What type of property is this?
    Land - 5.64 Acres, Prime Location, $859,873
    Where is this land located?
    The property is located at Nw & Merrick Ave Ardmore, OK.
    What is the asking price?
    The asking price for this property is $859,873.
    (405) 701-3505
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    Nw & Merrick Ave Ardmore, OK 73401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Nw & Merrick Ave Ardmore, OK 73401
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