For Sale
$625,000

105 Main St Ardmore, OK 73401

Prime Downtown Retail & Multi-Family

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity presents a mixed-use property encompassing 13,637 square feet of retail and multi-family space, situated on a 1.19-acre lot in the heart of historic downtown Ardmore, Oklahoma. The property, located at 105 E Main St, includes two separate buildings and a substantial parking lot with approximately 100 spaces. The main building, a three-story structure built in 1910, is currently 100% occupied. The property is offered at $625,000, representing a price per square foot of $45 and a projected cap rate of 6.00%. The lease type is gross, and the tenancy is multi-tenant. The property's address is 105 E Main St, Ardmore, OK 73401 (APN: 0010-00-323-003-0-001-00). This property presents a compelling value-add opportunity, particularly given its potential for historic tax credit utilization. The inclusion of an operating restaurant building further enhances the investment potential. The seller may consider owner financing options. This is a rare chance to acquire a significant piece of Ardmore's vibrant downtown.

Highlights

  • $625,000 asking price.
  • 13,637 square foot retail/mixed-use storefront.
  • Gross lease, multi-tenant, 100% occupancy.
  • $45 per square foot; 6.00% cap rate.
  • Three-story building, built in 1910, on a 1.19-acre lot in Ardmore, OK.
  • Located at 105 E Main St, Ardmore, OK 73401 (APN: 0010-00-323-003-0-001-00).

Property Details for 105 Main St

Property type
Retail properties, Mixed-use properties
Square Feet
13,637 SF
Year Built
1910
Stories
3
Lot Size (sq. ft)
51,836 SF

Location Insight

City
Ardmore
County
Carter
State
Oklahoma
Latitude
34.172318
Longitude
-97.127278
105 Main St, Ardmore, Oklahoma

FAQs

What type of property is this?
Retail property - Prime Downtown Retail & Multi-Family
Where is the retail property located?
The property is located at 105 Main St Ardmore, OK.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: $625,000 asking price.; 13,637 square foot retail/mixed-use storefront.; Gross lease, multi-tenant, 100% occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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105 Main St
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