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33803548
33803547

607 S LAKE MURRAY, ARDMORE, OK 73401

JM
OK 180385
Ardmore Realty
Listed by Ardmore Realty
$674,999
10 days on market
Updated 3 days ago

607 S Lake Murray Drive

Details
APN 100005235
Property Type Retail, Office (+1)
Square Footage 11,840
Cap Rate 7.73%
NOI $52,200
Occupancy 60%
Tenancy Multi
Lease Type Gross
Remaining Term 1
Price per SqFt $57
Year Built 2020
Lot Size (SqFt) 34,400
Ground Lease No

Only 60% Leased, great upside potential!

Marketing description

Positioned directly across from the infamous Hardy Murphy Coliseum, this commercial complex presents an exceptional opportunity for investors and owner-users alike. Built in 2020, the property consists of two steel frame buildings totaling 11,840 sq ft(per County Records) and sits in a highly visible location that benefits from steady traffic generated by year round events, fairs, equestrian competitions, and other regional attractions. Currently operating as a multi-tenant commercial investment, the property generates $4,350 per month in gross income while only 60% occupied, offering immediate upside potential through leasing or owner occupancy. The flexible design allows for multiple tenants or could easily be reconfigured to accommodate a single larger business operation. Each suite features a climate controlled office, private restroom, storage area, and an expansive warehouse space suitable for inventory storage, equipment, service operations, or additional office buildout. A large concrete parking area between the buildings provides ample room for employee parking, customer access, delivery vehicles, and equipment storage. Priced at approximately $57 per square foot, this property offers outstanding value in one of Ardmore's most strategic commercial corridors. Conveniently located near Downtown Ardmore, the Ardmore Municipal Airport, Lake Murray, the I-35 corridor, and Lakecrest Casino & Hotel, the site provides excellent accessibility for customers, employees, and transportation needs. Whether you're seeking an income-producing investment with room for growth or a versatile facility for your expanding business, this property offers the flexibility, visibility, and value to meet a wide range of commercial needs.

Investment highlights

Positioned directly across from the infamous Hardy Murphy Coliseum, this commercial complex presents an exceptional opportunity for investors and owner-users alike. Built in 2020, the property consists of two steel frame buildings totaling 11,840 sq ft(per County Records) and sits in a highly visible location that benefits from steady traffic generated by year round events, fairs, equestrian competitions, and other regional attractions. Currently operating as a multi-tenant commercial investment, the property generates $4,350 per month in gross income while only 60% occupied, offering immediate upside potential through leasing or owner occupancy. The flexible design allows for multiple tenants or could easily be reconfigured to accommodate a single larger business operation. Each suite features a climate controlled office, private restroom, storage area, and an expansive warehouse space suitable for inventory storage, equipment, service operations, or additional office buildout. A large concrete parking area between the buildings provides ample room for employee parking, customer access, delivery vehicles, and equipment storage. Priced at approximately $57 per square foot, this property offers outstanding value in one of Ardmore's most strategic commercial corridors. Conveniently located near Downtown Ardmore, the Ardmore Municipal Airport, Lake Murray, the I-35 corridor, and Lakecrest Casino & Hotel, the site provides excellent accessibility for customers, employees, and transportation needs. Whether you're seeking an income-producing investment with room for growth or a versatile facility for your expanding business, this property offers the flexibility, visibility, and value to meet a wide range of commercial needs.

Listing Contacts

JM
OK 180385
Ardmore Realty
Listed by Ardmore Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,200.00
$4,350.00/mo

Valuation Metrics

0
DSCR
7.73%
Cap Rate
7.73%
ROI

Map

Zoning

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CC CommercialGeneral CommercialCommercial Corridor
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Last updated Dec 10, 2025 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jeremiah McMahan
License
180385
Brokerage
Ardmore Realty, Inc
Brokerage Phone
580-504-7047
Brokerage Address
208 South Commerce Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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