Property profile

2303 Knox Rd Ardmore, OK 73401

OFF-MARKET
Mixed-use properties
2.84 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use commercial property, located at 2303 Knox Rd, Ardmore, OK 73401, presents a unique investment opportunity. Situated on a generous 2.84-acre lot, this building boasts approximately 100 parking spaces, providing ample convenience for tenants and patrons. Previously utilized as a restaurant and later a gym, the property offers versatile space adaptable to a wide range of commercial uses. Its strategic location near I-35 and the Ardmore Convention Center ensures high visibility and accessibility. Significant improvements have been made, including a complete flat roof replacement in 2009 and the installation of a central heating and air conditioning (CHA) system in 2007 and 2009. The HVAC system comprises three 5-ton units, one 7.5-ton unit, ensuring efficient climate control throughout the building. The asking price is $1,900,000. This property's prime location, substantial parking, and recent renovations make it an ideal investment for discerning buyers seeking high-return potential in a thriving Oklahoma market. The building's history as a restaurant and gym demonstrates its adaptability and potential for diverse commercial applications. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location.

Property profile

Verified
Property type Mixed-use properties
Lot 2.84 ac (123,710 SF)

Cap rate & NOI

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

Location

2303 Knox Rd 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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