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Property profile & analytics
OFF-MARKET
Mixed-use properties

115 Townsend St Ada, OK 74820

16,750 SF 0.27 ac lot Built 1901
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1901
Total area 16,750 SF
Lot 0.27 ac (11,761 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
Allowed · conditional · prohibited
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