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    FOR SALE
    Office buildings

    1005 Lake Murray Dr S, Ardmore, OK 73401

    6,200 SF 0.36 ac lot Built 1952
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US69-1759208
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    David Juarez · 2 yrs held
    David Juarez
    since 2024
    Last sale
    $40,000
    2 recorded transactions
    2024
    $40,000
    2020
    $55,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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