1115 Sheridan RdLawton, OK 73505

Property Details for 1115 Sheridan Rd

Year built

1970

Property size (Sq ft)

5,800 SF

Property type

Automotive properties

APN

20775

APU

20775

Description

This 5,800 square foot commercial property located at 1115 SW Sheridan Rd, Lawton, OK 73505, is a prime investment opportunity. The building, constructed in 1970, features a former automotive showroom and workshop, boasting ample space for various uses. The showroom area includes two storage rooms and two restrooms, while the workshop section offers convenient access via one 9-foot and two 10-foot overhead doors. The structure is built with durable red steel construction, including a steel roof with skylights, ensuring longevity and natural light. The entire building benefits from central heating and air conditioning, as well as a security alarm system. Exterior features include an asphalt parking lot in front and a fenced yard in the rear, providing both customer parking and secure storage. The property sits on a 0.36-acre lot and is zoned I-1. Excellent signage visibility on NW Sheridan Rd. adds to its appeal. This single-story, Class C building presents a versatile space ideal for a variety of retail and/or self-storage ventures. The property's location just north of SW Lee Blvd. offers convenient access and high visibility. This is a rare opportunity to acquire a well-maintained, functional building with significant potential in a desirable Lawton location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,348,609

  6.5%

  $1,244,870

  7%

  $1,155,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,758,597

  Geo Method

  $1,758,597

• Alternative Use

  Use

  Valuation

  Residential

  $1,050,094

  Hospitality

  $961,881

  Educational

  $800,274

  Medical

  $827,796

  Retail

  $1,244,870

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.5982

Longitude

-98.4226

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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