1005 Lake Murray Dr S, Ardmore, OK 73401
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
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.