201 Dearborn AveLawton, OK 73507

  • Warehouses
  • 600 SF

Property Details for 201 Dearborn Ave

Year built
1940
Lot size
0.52 AC
Property size (Sq ft)
600 SF
Property type
Warehouses
APN
80376
APU
80376

Description

This exceptional 8,020-square-foot freestanding building presents a unique opportunity for lease in Lawton, Oklahoma. Located at 201 NW Dearborn Ave, this single-tenant property boasts a prime location directly across from Mattress Firm within the Lawton Town Center, a thriving retail hub undergoing redevelopment. Built in 1940, the building offers a blend of historical charm and modern adaptability. Currently in shell condition, this versatile space allows for complete customization to suit a variety of executive office needs. The 0.52-acre lot provides ample space and visibility. The C-5 zoning allows for flexibility in permitted uses. The property's strategic location offers excellent exposure to high foot traffic and benefits from proximity to numerous established businesses, including McKenzie's Burgers, Kohl's, Bed Bath & Beyond, Dick's Sporting Goods, Jo-Ann Fabrics, Shoe Carnival, Ulta Beauty, Petco, Sprint, AT&T, and Dollar Tree. This is an ideal opportunity to establish a prominent presence in a rapidly developing area of Lawton, within Comanche County. The property is situated in the North submarket and has a Lawton, OK 73507 zip code. The building's size and location make it an attractive option for businesses seeking a high-profile, adaptable space in a vibrant commercial district.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $228,285
    6.5%
    $210,724
    7%
    $195,672
  • Comparable approach

    Method
    Valuation
    Relative Method
    $115,507
    Geo Method
    $115,507
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $107,475
    Mixed-Use / Specialty
    $106,633
    Hospitality / Lodging
    $77,635.20
    Office
    $105,521
    Institutional / Educational
    $110,691
    Residential Income
    $129,509
    Multifamily
    $157,872
    Automotive / Energy
    $94,878.20
    Parking / Income-Based Land
    $33,195.10
    Restaurant / Food Service
    $54,480.40
    Healthcare / Senior Housing
    $109,821

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.6141
Longitude
-98.3908
CBSA code
30020
CBSA name
LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,561
$13,169
$10,511
$23,680
-
$247,500
$184,819
$432,319

FAQs

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