$500,000

Historic Mulkey 3 story Hotel A rare opportunity to be part of the ongoing revitalization of Downtown Ardmore. Preliminary redevelopment concepts estimate approximately $1.5 -2.5 million in renovations and included 4 commercial storefronts on the ground level with boutique hotel/studio apartments on the second and third floors. Features include a large second-floor patio with incredible downtown views that would make an incredible Cafe. Eligible buyers may benefit from various Oklahoma historic preservation and redevelopment incentives, including potential tax credit programs. The City of Ardmore is offering facade, fire Supression, sidewalk grants and is located within walking distance of Caddo Street and other downtown attractions. Whether you’re an investor, developer, or visionary entrepreneur, this is a unique opportunity to restore a landmark property and make a lasting impact on the future of Downtown Ardmore. Buyer to verify all incentive programs, tax credits, grants, redevelopment costs, and intended use. Broker/Owner.