Property summary
This 1,766 square foot traditional office building in Ardmore, Oklahoma, is situated on a 6,534 square foot lot at 15 NE 2nd Avenue, 73401. Built in 1945, the property boasts a brand new metal roof and is ideally located near Cafe Alley and Caddo Street, placing it at the heart of the revitalizing downtown area. Currently, a building permit is in place to convert the space into four individual office rentals, presenting a promising investment opportunity. While the project is currently on hold, this presents a unique chance to acquire a property with significant potential for immediate income generation or future development. The asking price is $175,000, translating to $99.09 per square foot. The property's prime location offers excellent visibility and accessibility, making it an attractive prospect for both investors and businesses seeking a presence in a growing downtown area. Note that this property is one of several adjacent properties available for purchase.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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