201 Sheridan RdLawton, OK 73505

Property Details for 201 Sheridan Rd

Year built

1950

Property size (Sq ft)

5,022 SF

Property type

Auto shops

APN

24990

APU

24990

Description

This exceptional 1.17-acre commercial lot, located at 201 SW Sheridan Rd in Lawton, Oklahoma, presents a compelling investment opportunity. Priced at $229,000, this property boasts a prime location on the hard corner of high-traffic SW Sheridan Rd and SW A Ave, just south of the busy intersection with W Gore Blvd. The 5,022 square foot lot is zoned C-5, offering flexibility for a variety of commercial uses. Previously utilized as a car sales lot, the property is well-suited for continued use as an auto repair shop or auto sales business. Alternatively, its size and location make it an ideal candidate for redevelopment. The single-story, 1950-built structure on the property adds to its potential. The property's strategic position benefits from proximity to established businesses including Murphy Express, Car-Mart of Lawton, Burger King, McDonald's, and Taco Bell, ensuring high visibility and convenient access for customers. This is a rare opportunity to acquire a well-situated commercial property in a thriving Lawton location. The APN is 0024990. The property consists of one building with one unit.

• CAP approach

  CAP return

  Valuation

  6%

  $1,167,668

  6.5%

  $1,077,848

  7%

  $1,000,859

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,522,702

  Geo Method

  $1,522,702

• Alternative Use

  Use

  Valuation

  Residential

  $909,205

  Hospitality

  $832,827

  Educational

  $692,902

  Medical

  $716,732

  Retail

  $1,077,848

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.6067

Longitude

-98.423

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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