About This Restaurant
Investment Highlights
Downtown, close to the train tracks. Exposed brick and large windows. Fireplace and atrium. Nice views of downtown Ardmore. Modern style with eclectic design.
Executive Summary
This 12,000 SF historic downtown building is newly renovated and has a 100% occupancy rate on all available spaces. The upstairs is fully rented and completed with half of the downstairs just being completed and mostly spoken for. Downtown Ardmore is vibrant with opportunity as the city continues to grow rapidly.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Retail Retail General Retail Storefront Office Industrial Live Work Unit Retail
- Building Size 12,000
- Building Class C
- Year Built 1935
- Price 2,400,000
- Price Per SF 200
- Cap Rate 5.06
- NOI 121,440
- Percent Leased 100
- Tenancy Multiple
- Building Height 2 Stories
- Building FAR 1.53
- Land Acres 0.18 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Taxes
| Parcel Number | 0010-00-386-001-0-002-00 | Improvements Assessment | $4,000 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $4,000 (2023) |
| Date Created: | 2024-07-16 04:18:08 | Last Updated: | 2024-07-16 04:18:08 |
| Address: | 300 E Main St , Ardmore, Oklahoma, 73401 | ||