15 2Nd Ave, Ardmore, OK 73401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.