301 W Main St 68,036 SF 100% Leased Office Building Ardmore, OK 73401 $1,000,000 ($14.70/SF)
INVESTMENT HIGHLIGHTS
- Prime Ardmore Location "Prime location in growing Ardmore, OK, with excellent visibility, accessibility, and strong potential for future appreciation.
- Convertible Penthouse Space "8th-floor penthouse (1,234 SF) with kitchen & restroom offers premium leasing or owner-occupied potential."
- Flexible Office/Retail Space "8 stories of versatile office/retail space in a prime Ardmore location."
- Owner Leaseback Income "Owner-occupied leaseback provides $70,641 in stable annual income during stabilization."
- Additional Parking Included "Sale includes 2 parking lots (.70 acre, 80 spaces) with potential for expansion or alternative uses."
- Growth in Ardmore Market "Benefit from Ardmore’s economic growth, infrastructure improvements, and rising demand for space."
EXECUTIVE SUMMARY
This 8-story mixed-use property at 301 W Main St., Ardmore, OK, offers a unique opportunity for value-add investors, long-term holders, or owner-users seeking a prime asset in a growing market. With significant upside potential through vacancy reduction and rent increases, this property is ideal for investors looking to unlock long-term value.
Property Features:
Flexible Office/Retail Space: 8 stories of versatile space, including a convertible 8th-floor penthouse with kitchen and restroom facilities.
Owner-Occupied Leaseback: Stable income from the current owner leasing back 5,752 SF.
Additional Parking: Two paved parking lots (.70 acre, 80 spaces) included for tenant convenience.
Investment Strategy Options:
Value-Add Investor:
Fill vacancies and raise rents to increase income.
Reposition the property with cosmetic upgrades or operational efficiencies to attract higher-quality tenants.
Long-Term Hold Investor:
Benefit from stable leaseback income and long-term appreciation in a growing market.
Owner-User:
Occupy a portion of the building while leasing out the remaining space to generate rental income.
Why This Property Is Perfect for You:
Whether you’re a value-add investor looking to reposition the property, a long-term holder seeking stable income and appreciation, or an owner-user wanting to occupy a prime location, this property offers a rare opportunity to acquire a versatile asset in a growing market.
Property Features:
Flexible Office/Retail Space: 8 stories of versatile space, including a convertible 8th-floor penthouse with kitchen and restroom facilities.
Owner-Occupied Leaseback: Stable income from the current owner leasing back 5,752 SF.
Additional Parking: Two paved parking lots (.70 acre, 80 spaces) included for tenant convenience.
Investment Strategy Options:
Value-Add Investor:
Fill vacancies and raise rents to increase income.
Reposition the property with cosmetic upgrades or operational efficiencies to attract higher-quality tenants.
Long-Term Hold Investor:
Benefit from stable leaseback income and long-term appreciation in a growing market.
Owner-User:
Occupy a portion of the building while leasing out the remaining space to generate rental income.
Why This Property Is Perfect for You:
Whether you’re a value-add investor looking to reposition the property, a long-term holder seeking stable income and appreciation, or an owner-user wanting to occupy a prime location, this property offers a rare opportunity to acquire a versatile asset in a growing market.
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Building Size
68,036 SF
Building Class
C
Year Built
1920
Price
$1,000,000
Price Per SF
$14.70
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
11,339 SF
Building FAR
2.14
Lot Size
0.73 AC
Zoning
CD - Zone Code CD - In the City of Ardmore, OK, refers to a "Commercial Downtown" district.
Parking
80 Spaces (1.18 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 0010-00-328-003-0-001-00 | Improvements Assessment | $358,494 |
| Land Assessment | $12,271 | Total Assessment | $370,765 |
