For Sale
$525,000

1308 47Th St Lawton, OK 73505

High-Cap Rate Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This Lawton, Oklahoma convenience store presents a compelling investment opportunity. The property, located at 1308 NW 47th St, boasts 5,600 square feet of retail space situated on a sizable 34,430 square foot lot. Built in 1967 and extensively renovated in 2015, the building is zoned C-5 and offers ample paved parking. The property's strong financial performance is highlighted by a 9.00% cap rate, making it an attractive addition to any portfolio. Its convenient location benefits from proximity to established businesses such as Lowe's, KFC, State Farm, Arvest Bank, and The Riviera Tanning Spa, ensuring high visibility and foot traffic. The interior was originally designed to accommodate a pet grooming and supplies retail store, offering flexibility for a variety of uses. This well-established business has a proven track record of success. The asking price for this turnkey operation is $525,000. This is a rare opportunity to acquire a profitable, established business in a prime location. Don't miss out on this exceptional investment prospect.

Highlights

  • $525,000 asking price for this 5,600 SF retail convenience store.
  • 9.00% cap rate.
  • Located at 1308 NW 47th St, Lawton, OK 73505, on a 34,430 SF lot.
  • Built in 1967 and renovated in 2015; C-5 zoning.
  • Ample paved parking and proximity to Lowe's, KFC, State Farm, Arvest Bank, and Riviera Tanning Spa.

Property Details for 1308 47Th St

Property type
Retail properties, Grocery and convenience stores
Square Feet
5,600 SF
Year Built/Renovated
1967/2015

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.622226
Longitude
-98.4491801

FAQs

What type of property is this?
Retail property - High-Cap Rate Retail Opportunity
Where is the retail property located?
The property is located at 1308 47Th St Lawton, OK.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: $525,000 asking price for this 5,600 SF retail convenience store.; 9.00% cap rate.; Located at 1308 NW 47th St, Lawton, OK 73505, on a 34,430 SF lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1308 47Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message