16 Main St Ardmore, OK 73401-7009
- Retail space
- 4,536 SF
- 0.16 lot acres
Current Use by Public Records
- Retail space
Property Details for 16 Main St
- Year built
- 1930
- Lot size
- 0.16 lot acres
- Property size
- 4,536 SF
- Property type
- Retail space
- APN
- 0010-00-381-006-0-001-00
- APU
- 1000381006000100
Description
This exceptional mixed-use property at 16 E Main St, Ardmore, OK 73401, presents a compelling investment opportunity. The 9,536 square foot building, constructed in 1930, sits on a 0.16-acre lot (APN: 0010-00-381-006-0-001-00) and boasts a strong 8.00% cap rate. Currently operating at 100% occupancy, the property features five distinct spaces: a large retail space (currently housing an antique store), a three-bedroom loft apartment, a 3,000 square foot storage area, a smaller concrete block storage building, and a historic rock storage building. The gross lease structure ensures consistent income. Its prime downtown location, just two blocks from the Sante Fe Depot and the Heartland Flyer passenger train, provides excellent visibility and accessibility. The $424,500 asking price translates to $44 per square foot. This property offers significant income potential and is ideal for investors seeking a well-established, multi-tenant retail and residential asset in a thriving Oklahoma community. The building's diverse spaces provide flexibility for various uses and future expansion. This is a rare chance to acquire a piece of Ardmore's vibrant history with substantial financial upside.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Carter
- State
- Oklahoma
- Longitude
- -97.1278
- Latitude
- 34.172
- CBSA code
- 11620
- CBSA name
- ARDMORE, OK MICROPOLITAN STATISTICAL AREA
