301 Washington St Ardmore, OK 73401-6927
This stunning 9,030-square-foot, two-story building, originally constructed in 1910 by the Ringling Brothers, presents a unique redevelopment opportunity. The historic train depot, located at 301 N Washington St, Ardmore, OK 73401, sits on a 0.61-acre lot and boasts 10-foot ceilings. Substantial renovations occurred between 1930 and 1950. The structure, built with brick, mortar, steel, and wood, retains many original features, including doors, doorknobs, hinges, windows, ornate woodwork, and art deco floor tiles. All utilities (electric, water, sewer) are functional. The property is zoned commercial and offers significant potential for various uses, such as office space (general, legal, medical, dental, etc.), retail (restaurant, coffee shop, bakery, etc.), or a unique hospitality venture (bed and breakfast, museum). This registered historical landmark qualifies for substantial federal and state tax incentives to offset renovation costs, making this a financially attractive investment. The building's prime location in Carter County, Oklahoma, adds to its appeal. Detailed information on available tax benefits for historical preservation is accessible through the Oklahoma Historical Society. This exceptional property offers a blend of history, character, and lucrative investment potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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