127 Washington St Ardmore, OK 73401
This remarkable 17,000-square-foot mixed-use property, located at 127 N Washington Street in Ardmore, Oklahoma, presents a unique investment opportunity. Built in 1910, this three-story building, situated on a 13,939 square foot lot, boasts a rich history and significant potential for revitalization. The asking price is $350,000, translating to $20.59 per square foot. The property currently features four commercial units on the ground floor and hotel space on the second and third floors. Approximately $1.5 million in renovations have been completed. A highlight of the property is an amazing patio on the second floor offering incredible views. This investment offers the chance to be a part of the ongoing revitalization of Downtown Ardmore, potentially qualifying for Oklahoma tax credits. The property's prime location and substantial size make it an ideal candidate for a variety of uses and future development. The building's history and character, combined with its modern updates, create a compelling opportunity for a savvy investor. This is a chance to own a piece of Ardmore's history and shape its future.
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.