801 Commerce StArdmore, OK 73401

Property Details for 801 Commerce St

Year built

1973

Lot size

0.64 AC

Property size (Sq ft)

1,225 SF

Property type

Office properties

Property subtype

Office buildings

APN

1290-00-024-007-0-001-00

APU

129000024007000100

Description

This exceptional 5,842 square foot Class A retail space in Ardmore, Oklahoma presents a unique investment opportunity. Located in a prominent national retail corridor along heavily trafficked Interstate 35, this new construction offers unparalleled visibility and accessibility. The property is strategically positioned between Dallas and Oklahoma City, capitalizing on significant commuter traffic in addition to the robust local market. The site is divisible into units as small as 991 square feet, offering flexibility for various retail concepts, while the entire 5,842 square feet is available for a single, large-scale tenant. Currently, the entire space is vacant, providing a blank canvas for a discerning investor or retailer. The surrounding area boasts a diverse range of national retailers, including Walmart, Lowe's, Ross Dress for Less, TJ Maxx, Academy Sports, AMC Theatres, Ulta Cosmetics, Chick-fil-A, and Starbucks, creating a thriving retail environment. This property is comprised of four units and is situated at a key intersection within a rapidly expanding retail corridor, combining historical charm with modern commercial appeal. This location offers an exceptional opportunity to establish a strong presence in a high-traffic area with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $289,106

  6.5%

  $266,867

  7%

  $247,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $181,652

  Geo Method

  $147,392

• Alternative Use

  Use

  Valuation

  Residential

  $330,915

  Hospitality

  $303,116

  Educational

  $252,189

  Medical

  $260,862

  Retail

  $392,294

Location Insight

City

Ardmore

County

Carter

State

Oklahoma

Latitude

34.1839

Longitude

-97.1437

CBSA code

11620

CBSA name

ARDMORE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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