698 12Th Ave, Ardmore, OK 73401
This exceptional 0.64-acre mixed-use property at 698 NW 12th Street, Unit 698, Ardmore, OK, presents a compelling investment opportunity. Boasting a strategic location directly across from Mercy Hospital and a new Travel Stop gas station, this site benefits from exceptionally high traffic counts. The property encompasses 2,935 square feet and includes three existing buildings. One building, located at 1122 G NW, has housed a dry cleaning business generating $1500 in monthly rent for the past year. The owner will demolish the other two structures and prepare a level building pad for future development. This flexibility extends to build-to-suit options for long-term tenants, catering to a variety of commercial needs. The property offers significant road frontage: 220 feet along the north side facing 12th NW, 150 feet along the east side facing Wolverton NW, and 105 feet along the west side facing G NW. This prime location, coupled with the potential for redevelopment and existing income-generating structure, makes this a truly unique opportunity for investors seeking high-traffic commercial development in a thriving Ardmore area. The asking price for this exceptional property is $500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.