Property profile

698 12Th Ave Ardmore, OK 73401

OFF-MARKET
Mixed-use properties
2,935 SF 0.64 ac lot Built 1950
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mixed-use properties
Year built 1950
Total area 2,935 SF
Lot 0.64 ac (27,878 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

698 12Th Ave Ardmore, OK 73401
Ardmore metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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