2615 Sheridan RdLawton, OK 73505

  • Strip malls
  • 3,688 SF
For Sale
$140,000 View listing

Property Details for 2615 Sheridan Rd

Year built
1952
Property size (Sq ft)
3,688 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
17968
APU
17968

Description

This 1,800 square foot storefront located at 2615 NW Sheridan Rd, Lawton, OK 73505, is available for purchase at a reduced price of $140,000 ($77.78/sq ft). Currently operating as Carl's Military Surplus, a well-established business serving the Lawton community for nearly three decades, this retail space offers a strong foundation for continued success. The lease is a modified type, expiring October 29, 2025, with approximately 0.9 years remaining. The business specializes in providing affordable, high-quality military clothing and gear, including items for all branches of the U.S. Armed Forces. Inventory includes boots, PT shoes, army combat uniforms, multi-cam uniforms, and other standard military gear, as well as custom-made dog tags. This presents a unique opportunity for an investor or business owner seeking an established retail location in a thriving community. The property is situated in Comanche County, Oklahoma, offering excellent visibility and accessibility. This turnkey operation provides immediate income potential and a strong existing customer base. The asking price reflects a compelling investment opportunity in a well-established retail space with significant potential for growth. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $804,982
    6.5%
    $743,060
    7%
    $689,985
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,118,225
    Geo Method
    $1,118,225
  • Alternative Use

    Use
    Valuation
    Residential
    $626,799
    Hospitality
    $574,145
    Educational
    $477,682
    Medical
    $494,110
    Retail
    $743,060

Location Insight

City
Lawton
County
Comanche
State
Oklahoma
Latitude
34.635
Longitude
-98.4218
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
$2,658
$13,950
$10,625
$24,575
-
$124,000
$94,440
$218,440

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