For Sale
$397,000

1108 Park Ave Lawton, OK 73501

Multi-tenant retail, high traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents two fully occupied retail buildings situated on a combined 0.62-acre lot in Lawton, Oklahoma. The properties, located at 1108 SW Park Ave and 1105 SW 11th St, boast a total of 2,408 square feet and benefit from high visibility on two of Lawton's busiest thoroughfares, SW 11th Street and Lee Boulevard. The buildings, constructed in 2000 and 2016 respectively, are classified as Class B and currently operate under a modified multi-tenant lease with 100% occupancy. The asking price is $397,000, representing a price per square foot of $164.87 and a 5.74% cap rate. The lease commenced October 1, 2022, with a remaining term of two years. Both properties feature ample parking and prominent signage. The C-5 zoning permits a variety of uses. The properties are currently occupied by a single tenant under a year-to-year lease with a one-year renewal option. Financial details are available upon request. Nearby businesses include McDonald's, Dollar General, and Burger King. This core+ investment presents a strong opportunity for immediate cash flow and future growth potential. The APN is 160022068.

Highlights

  • Exceptional Lawton, OK investment opportunity: Two fully occupied retail buildings totaling 2,408 square feet on a 0.62-acre lot.
  • High-visibility location on SW 11th Street and Lee Boulevard.
  • Class B buildings (2000 & 2016 construction) with 100% occupancy under a modified multi-tenant lease.
  • Asking price: $397,000 ($164.87/SF, 5.74% cap rate); Two-year lease term (commenced October 1, 2022).
  • Ample parking, prominent signage, and C-5 zoning.

Property Details for 1108 Park Ave

Property type
Retail properties, Restaurants
Square Feet
2,408 SF
Class
B
Year Built
2000
Buildings
2
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.596121211659
Longitude
-98.404789757191

FAQs

What type of property is this?
Retail property - Multi-tenant retail, high traffic location.
Where is the retail property located?
The property is located at 1108 Park Ave Lawton, OK.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Exceptional Lawton, OK investment opportunity: Two fully occupied retail buildings totaling 2,408 square feet on a 0.62-acre lot.; High-visibility location on SW 11th Street and Lee Boulevard.; Class B buildings (2000 & 2016 construction) with 100% occupancy under a modified multi-tenant lease.
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1108 Park Ave
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