Property profile

105 E Main St Ardmore, OK 73401

FOR SALE
Retail space
Property ID
US69-2051325
13,637 SF 1.34 ac lot Built 1910
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a mixed-use property encompassing 13,637 square feet of retail and multi-family space, situated on a 1.19-acre lot in the heart of historic downtown Ardmore, Oklahoma. The property, located at 105 E Main St, includes two separate buildings and a substantial parking lot with approximately 100 spaces. The main building, a three-story structure built in 1910, is currently 100% occupied. The property is offered at $625,000, representing a price per square foot of $45 and a projected cap rate of 6.00%. The lease type is gross, and the tenancy is multi-tenant. The property's address is 105 E Main St, Ardmore, OK 73401 (APN: 0010-00-323-003-0-001-00). This property presents a compelling value-add opportunity, particularly given its potential for historic tax credit utilization. The inclusion of an operating restaurant building further enhances the investment potential. The seller may consider owner financing options. This is a rare chance to acquire a significant piece of Ardmore's vibrant downtown.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1910
Total area 13,637 SF
Lot 1.34 ac (58,370 SF)
APN 0010-00-323-003-0-001-00
UPID US69-2051325

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

105 E Main St Ardmore, OK 73401
Ardmore metro Census 892900 ARDMORE, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$175k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2024
Last sale
$175,000
7 recorded transactions
2024
$175,000
2024
Price N/A
2023
Price N/A
2017
Price N/A
2017
Price N/A
2016
Price N/A
2016
Price N/A

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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