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    1005 Lake Murray Dr Ardmore, OK 73401

    For Sale
    $65,000

    Vacant 6,200 SF Retail/Mixed-Use Building

    Property size:
    6,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 6,200 square foot retail and mixed-use building presents a remarkable opportunity in Ardmore, Oklahoma. Located at 1005 Lake Murray Dr S, this property boasts a sizable 15,682 square foot lot and is situated just one mile from the popular Lake Murray State Park, offering significant potential for various commercial ventures. Built in 1952, the building is currently vacant, providing a blank canvas for a complete renovation. The first floor has been fully demoed back to the studs, simplifying the remodeling process to suit any business plan. The entire second floor also offers ample, unfinished space for expansion or creative design. The asking price is $65,000, translating to a price per square foot of $10. The property's APN is 1990-05-05S-02E-2-031-00. Its previous use was a quick stop/gas station, suggesting a history of commercial activity. This property's prime location and substantial size make it an ideal investment for entrepreneurs seeking a high-impact commercial space in a desirable area. The property is ready for immediate development and offers a unique chance to create a thriving business in a vibrant community. The vacant status allows for complete customization, ensuring the space perfectly aligns with your vision. This is a rare opportunity to acquire a large, well-located building at an attractive price point.

    Property Features for 1005 Lake Murray Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,200 SF

    Building Details

    Year Built
    1952

    HighLights

    • $65,000 asking price for a vacant 6,200 sq ft retail/mixed‑use property.
    • Located at 1005 Lake Murray Dr S, Ardmore, OK 73401.
    • 15,682 sq ft lot; built in 1952.
    • $10/sq ft; 0% cap rate.
    • Previous use: gas station; one mile from Lake Murray State Park.
    • First floor is gutted and ready for renovation; second floor is also vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1211114
    Latitude
    34.1559429

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    FAQs

    What type of property is this?
    Mixed-use property - Vacant 6,200 SF Retail/Mixed-Use Building
    Where is this mixed-use property located?
    The property is located at 1005 Lake Murray Dr Ardmore, OK.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: $65,000 asking price for a vacant 6,200 sq ft retail/mixed-use property.; Located at 1005 Lake Murray Dr S, Ardmore, OK 73401.; 15,682 sq ft lot; built in 1952.
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    1005 Lake Murray Dr Ardmore, OK 73401
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    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
    1005 Lake Murray Dr Ardmore, OK 73401
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