Current Use by Public Records
- Mixed-use properties
Property Details for 115 Townsend St
- Year built
- 1901
- Lot size
- 0.27 lot acres
- Property type
- Mixed-use properties
Description
This exceptional mixed-use commercial property, located at 115 S Townsend Unit 115 in Ada, Oklahoma, presents a compelling investment opportunity. Boasting a substantial 16,750 square feet on a 0.27-acre lot, this building offers unparalleled versatility. The ground floor features a flexible layout, easily adaptable to retail and office spaces, maximizing rental income potential. Constructed with durable materials, including a metal roof and insulated walls and floors featuring 5/8" drywall, the building is designed for energy efficiency and soundproofing. Multiple electric meters, four 5-ton HVAC units, and 3-phase power ensure the property can accommodate a wide range of businesses. Its strategic location just off Main Street provides excellent visibility and accessibility, attracting both customers and tenants. The second floor, encompassing 2,000 square feet, offers a unique space suitable for offices or a casual gathering area. The third floor, currently unfinished, presents a significant opportunity for development, ideal for a restaurant, bar, or even downtown apartments, further capitalizing on the property's prime location. Ample parking is available, adding to the property's overall appeal. This property combines a desirable location with a functional and adaptable design, making it an attractive investment for discerning buyers. The asking price is $450,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ada
- County
- Pontotoc
- State
- Oklahoma
- Longitude
- -96.6805
- Latitude
- 34.7743
