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Listed by Rebecca Ingram • Your Property Stop Real Estate
$ 3,500,000
Est. payment /mo
New
333 W Main ST #Neustadt Plaza Ardmore, OK 73401
51,108 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 51,108 sqft
Price per Sqft $68
MLS Listing ID OKC1241902
Year Built 1977
Annual Tax Amount $13,485
Lot Size 0.910 Acres
Acres 0.9
Property Sub-Type Office
Property Description
Prime value-add investment opportunity in the heart of historic downtown Ardmore. This four-story commercial office building offers approximately 51,108 square feet with 40 office suites, elevator access to all floors, covered parking, additional surface parking, and approximately 80 total parking spaces. Offered at $3,500,000, or approximately $68.48 per square foot, the property is currently approximately 75% occupied, creating additional upside through lease-up of vacant suites, tenant renewals, and rental-rate growth. Current rents are generally reported in the $12–$14/SF range. Recent capital improvements include HVAC replacements, elevator repairs, plumbing updates, and fire pump servicing/inspection, helping reduce near-term deferred maintenance concerns. The property also features an on-site cafeteria and a highly visible downtown location convenient to restaurants, government offices, shopping, and area amenities. Ideal for an investor seeking existing income with additional value-add potential through increased occupancy and continued lease optimization. Rent roll and additional financial information available to qualified buyers upon request.
Location
State OK
County Carter
Zoning Commercial
Interior
Heating Gas
Cooling Central Elec
Fireplace N
Exterior
Parking Features Additional Parking, Concrete, Other
Garage Spaces 80.0
Garage Description Additional Parking, Concrete, Other
Building
Story 4
Water Public
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