27 Broadway StArdmore, OK 73401

Property Details for 27 Broadway St

Year built

1920

Lot size

0.37 AC

Property size (Sq ft)

18,034 SF

Property type

Office buildings

APN

0010-00-304-005-0-001-00

APU

1000304005000100

Description

This exceptional mixed-use property, located at 27 W Broadway St in Ardmore, Oklahoma, presents a compelling investment opportunity. The 18,034 square foot building, constructed in 1920, boasts a rich history and currently enjoys 100% occupancy across its two units under a gross lease. The asking price is $950,000, translating to a price per square foot of $52 and an attractive 8.00% cap rate. The property sits on a 0.37-acre lot (APN: 0010-00-304-005-0-001-00) and includes four parcels: the main building, an adjacent parking lot to the north, and two additional parcels forming a parking lot across the street to the northwest. Detailed boundary lines are available in the listing documents. Financial statements detailing income and expenses are accessible upon request. This is a rare chance to acquire a fully occupied, historically significant commercial property in the heart of Ardmore, offering immediate cash flow and significant long-term potential. The property's prime location and strong tenancy make it an ideal addition to any investment portfolio. The lease term is currently at zero years, presenting an opportunity to renegotiate terms with existing tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $4,257,116

  6.5%

  $3,929,646

  7%

  $3,648,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,674,722

  Geo Method

  $2,169,851

• Alternative Use

  Use

  Valuation

  Residential

  $4,872,760

  Hospitality

  $4,463,422

  Educational

  $3,713,515

  Medical

  $3,841,229

  Retail

  $5,776,579

Location Insight

City

Ardmore

County

Carter

State

Oklahoma

Latitude

34.1745

Longitude

-97.1289

CBSA code

11620

CBSA name

ARDMORE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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