1308 47Th StLawton, OK 73505

Property Details for 1308 47Th St

Year built

1982

Lot size

0.79 AC

Property size (Sq ft)

5,700 SF

Property type

Retail space

APN

26905

APU

26905

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,244,068

  6.5%

  $1,148,371

  7%

  $1,066,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,728,276

  Geo Method

  $1,728,276

• Alternative Use

  Use

  Valuation

  Residential

  $968,694

  Hospitality

  $887,318

  Educational

  $738,238

  Medical

  $763,628

  Retail

  $1,148,371

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6223

Longitude

-98.4492

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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