Property profile

15 2Nd Ave Ardmore, OK 73401

OFF-MARKET
Office Spaces
Property ID
US69-2059049
1,766 SF Built 1945
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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 Office Spaces
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

Location

15 2Nd Ave Ardmore, OK 73401
Ardmore metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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