118 Main St Ada, OK 74820-5602
This exceptional mixed-use property, located at 118 W Main Street in Ada, OK, presents a unique investment opportunity. The building encompasses 6,000 square feet on a 0.08-acre lot. The ground floor offers 3,500 square feet of beautifully remodeled retail space, currently operating as a successful venue. This space retains its historic charm, featuring restored tall ceilings with intricate gold leaf embossing. Its prime location on Main Street, adjacent to other businesses and near the McSwain Theater, ensures high visibility and foot traffic. Upstairs, three luxury lofts provide versatile living options. Each unit boasts exposed brick walls, quartz countertops in the kitchens and bathrooms, and energy-efficient windows offering abundant natural light and city views. These apartments are ideal for short-term or long-term rentals, or owner-occupancy. The property's blend of historic character and modern amenities makes it an attractive proposition for both business owners and investors seeking a high-return investment in a vibrant downtown location. The asking price is $625,000.
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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
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.