600 Washington StArdmore, OK 73401

Property Details for 600 Washington St

Year built

1972

Lot size

1.00 AC

Property size (Sq ft)

2,179 SF

Property type

Office buildings

APN

0010-00-482-004-0-001-00

APU

1000482004000100

Description

This exceptional commercial land package presents a unique investment opportunity in Ardmore, Oklahoma. The offering encompasses a total of five lots, strategically located at 600 and 709 N Washington St, and 711 and 718 E Main St (situated within an Opportunity Zone), along with an additional lot at 30 4th NW. The combined acreage offers significant potential for various commercial developments. The land is serviced by city utilities, eliminating the need for extensive infrastructure investments, and is ready for immediate construction. The asking price for the entire package is $15,000, representing a land value of $833 per square foot. This presents a compelling opportunity for developers and investors seeking a foothold in a thriving Oklahoma market. The property's prime location and "ready-to-build" status make it an attractive proposition for those seeking a quick return on investment. The inclusion of lots within an Opportunity Zone further enhances the investment potential, offering various tax advantages. Detailed site plans and further information are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $514,407

  6.5%

  $474,837

  7%

  $440,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $323,195

  Geo Method

  $262,177

• Alternative Use

  Use

  Valuation

  Residential

  $588,798

  Hospitality

  $539,336

  Educational

  $448,721

  Medical

  $464,153

  Retail

  $698,011

Location Insight

City

Ardmore

County

Carter

State

Oklahoma

Latitude

34.1635

Longitude

-97.1321

CBSA code

11620

CBSA name

ARDMORE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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