2303 Knox Rd, Ardmore, OK 73401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.