Property profile

1005 Lake Murray Dr Ardmore, OK 73401

FOR SALE
Office buildings
Property ID
US69-1759208
6,200 SF 0.36 ac lot Built 1952
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,200 square foot retail and mixed-use building presents a remarkable opportunity in Ardmore, Oklahoma. Located at 1005 Lake Murray Dr S, this property boasts a sizable 15,682 square foot lot and is situated just one mile from the popular Lake Murray State Park, offering significant potential for various commercial ventures. Built in 1952, the building is currently vacant, providing a blank canvas for a complete renovation. The first floor has been fully demoed back to the studs, simplifying the remodeling process to suit any business plan. The entire second floor also offers ample, unfinished space for expansion or creative design. The asking price is $65,000, translating to a price per square foot of $10. The property's APN is 1990-05-05S-02E-2-031-00. Its previous use was a quick stop/gas station, suggesting a history of commercial activity. This property's prime location and substantial size make it an ideal investment for entrepreneurs seeking a high-impact commercial space in a desirable area. The property is ready for immediate development and offers a unique chance to create a thriving business in a vibrant community. The vacant status allows for complete customization, ensuring the space perfectly aligns with your vision. This is a rare opportunity to acquire a large, well-located building at an attractive price point.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1952
Total area 6,200 SF
Lot 0.36 ac (15,682 SF)
APN 1990-05-05S-02E-2-031-00
UPID US69-1759208

Cap rate & NOI

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

Location

1005 Lake Murray Dr Ardmore, OK 73401
Ardmore metro Census 892801 ARDMORE, OK MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$446k
Blend (final) Blend
$510k

Owner & transaction history

since 2024
Last sale
$40,000
2 recorded transactions
2024
$40,000
2020
$55,000

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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