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.

Property Features