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Neustadt Plaza 333 W Main St 51,108 SF 100% Leased Office Building Ardmore, OK 73401 $3,500,000 ($68.48/SF)
Executive Summary
Prime Value-Add Investment Opportunity. Approximately 51,000 SF multi-tenant office building currently operating at approximately 75% occupancy. Current rental rates range from approximately $12–$14/SF with significant upside through lease renewals and increased occupancy. Recent capital improvements include HVAC replacements, elevator repairs, plumbing updates, and a five-year fire pump inspection, reducing future capital expenditures. Excellent opportunity for investors seeking stable cash flow with long-term appreciation potential. Financial information, rent roll, and operating statements available upon execution of a confidentiality agreement.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
51,108 SF
Building Class
B
Year Built
1977
Price
$3,500,000
Price Per SF
$68.48
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
12,777 SF
Building FAR
1.30
Lot Size
0.90 AC
Zoning
CD - Downtown Commercial - This designation applies to the older core business district and surrounding blocks meant for small businesses, public uses, and mixed-use spaces
Parking
80 Spaces (1.57 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Property Manager on Site
- Air Conditioning
- Smoke Detector
- Cafe
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Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0010-00-328-001-0-001-00 | Improvements Assessment | $117,656 |
| Land Assessment | $17,425 | Total Assessment | $135,081 |
Property Taxes
Parcel Number
0010-00-328-001-0-001-00
Land Assessment
$17,425
Improvements Assessment
$117,656
Total Assessment
$135,081
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