2812-2818 Sheridan RdLawton, OK 73505

Property Details for 2812-2818 Sheridan Rd

Year built

1986

Lot size

0.34 AC

Property size (Sq ft)

3,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This 3,600 square foot Class C shopping center, located at 2812-2818 NW Sheridan Rd in Lawton, Oklahoma (Comanche County, zip code 73505), presents a compelling investment opportunity. Built in 1986, this single-story, multi-tenant property sits on a 0.34-acre lot (APN 0035489) and boasts a desirable C-5 zoning. The property features four 900 square foot lease spaces, historically fully occupied. Significant recent improvements include a complete roof replacement currently underway and the replacement of all four HVAC units in 2022. Its prime location on a busy thoroughfare near the entrance to Fort Sill ensures high visibility and consistent traffic. The asking price is $250,000, offering a strong 10.62% capitalization rate. This well-maintained property offers a stable income stream and significant potential for future growth. The property's history of consistent occupancy and recent upgrades make it an attractive investment for those seeking a high-yield retail asset in a strategic location.

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6369

Longitude

-98.4224

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