116 Commerce StArdmore, OK 73401

Property Details for 116 Commerce St

Year built

1932

Lot size

0.11 AC

Property size (Sq ft)

646 SF

Property type

Office buildings

APN

0010-00-368-010-0-003-00

APU

1000368010000300

Description

This 646-square-foot retail space at 116 S Commerce Unit 116, Ardmore, OK, is situated on a 0.11-acre lot in a high-traffic area at the intersection of Broadway and Commerce. The building has undergone a complete renovation, boasting a new 2022 HVAC unit, updated stucco exterior, modernized electrical and plumbing systems, and a new metal roof. Its iconic storefront offers excellent street visibility and curb appeal, making it an ideal location for a variety of businesses. The majority of the square footage comprises the sales floor, supplemented by a 5x14 storage/closet area and a spacious water closet with additional storage. The property's versatility makes it suitable for various uses, including a coffee shop, flower shop, barber shop, liquor store, bail bonds business, cash loan store, flower/plant nursery, or even as a base for a food truck operation or other personal service or small-scale retail business. The high visibility and prime location offer significant advertising potential. Priced at $199,000, this property presents a unique opportunity to establish a business in a highly desirable location. Don't miss this chance to own a prime commercial site.

• CAP approach

  CAP return

  Valuation

  6%

  $152,473

  6.5%

  $140,744

  7%

  $130,691

• Comparable approach

  Method

  Valuation

  Relative Method

  $95,801

  Geo Method

  $77,727

• Alternative Use

  Use

  Valuation

  Residential

  $174,523

  Hospitality

  $159,862

  Educational

  $133,003

  Medical

  $137,578

  Retail

  $206,894

Location Insight

City

Ardmore

County

Carter

State

Oklahoma

Latitude

34.1737

Longitude

-97.1429

CBSA code

11620

CBSA name

ARDMORE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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