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    OFF-MARKET
    Mixed-use properties

    698 12Th Ave, Ardmore, OK 73401

    2,935 SF 0.64 ac lot Built 1950
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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