Main Rail | 300 E Main St
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Main Rail 300 E Main St
12,000 SF 100% Leased Retail Building Ardmore, OK 73401 £1,877,880 (£156/SF) 7.08% Net Initial Yield
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 the downstairs just being completed and mostly spoken for. Downtown Ardmore is vibrant with opportunity as the city continues to grow rapidly.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built
1935
Price
£1,877,880
Price Per SF
£156
Net Initial Yield
7.08%
NOI
£133,017
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.53
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
R1 - R-1 zoning is a zoning category for single-family residential development with low population densities.
Parking
12 Spaces (1 Space per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0010-00-386-001-0-002-00 | Improvements Assessment | £0 (2023) |
| Land Assessment | £3,130 (2023) | Total Assessment | £3,130 (2023) |
PROPERTY TAXES
Parcel Number
0010-00-386-001-0-002-00
Land Assessment
£3,130 (2023)
Improvements Assessment
£0 (2023)
Total Assessment
£3,130 (2023)
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Presented by
Turner Property Partners
Main Rail | 300 E Main St
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