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    OFF-MARKET
    Commercial real estate

    15 2Nd Ave, Ardmore, OK 73401

    1,766 SF Built 1945
    Property ID
    US69-2059049
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Year built 1945
    Total area 1,766 SF
    UPID US69-2059049
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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