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    2501 E Ave Lawton, OK 73505

    Sponsored
    For Sale
    Contact for pricing

    Historic Lawton apartment building, 27 units.

    Property size:
    10,704 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 10,704 square foot, one-story apartment building situated on a 0.36-acre lot in Lawton, Oklahoma. Built in 160, the property is zoned R-3 and features a rich history as a former assisted living facility. The main floor comprises 25 living units, each with access to shared amenities including 11 bathrooms, a spacious courtyard, multiple recreation areas, a fully equipped kitchen, and a dedicated dining room. The second floor offers additional living space, including two two-bedroom units with two bathrooms and a shared lounge area, as well as six one-bedroom units, each with a private bathroom. This unique property offers significant potential for various uses, given its size, existing infrastructure, and prime Lawton location at 2501 SW E Ave, 73505. The building's layout and existing features are well-suited for continued operation as senior housing or adaptive reuse for other multifamily purposes. This is a rare chance to acquire a substantial property with significant historical character and strong potential for future returns in a thriving Oklahoma community. The property's location in Comanche County provides easy access to local amenities and services. This is a truly unique opportunity for an investor seeking a well-established property with significant upside potential.

    Property Features for 2501 E Ave

    General Information

    Property type
    Retirement homes
    Square Feet
    10,704 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    160
    Buildings
    1
    Stories
    1

    HighLights

    • Multifamily senior living apartment building totaling 10,704 square feet.
    • One‑story building constructed in 160 (likely a typo, needs clarification).
    • Located on a 0.36‑acre lot in Lawton, Oklahoma, zoned R‑3.
    • Features 25 first‑floor units, 11 bathrooms, courtyard, recreation areas, kitchen, and dining room.
    • Second floor includes 8 additional units with varying bathroom configurations and a lounge area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gale Poe, BHRS Counselor Children's Emergency Resource ... Children'S Home

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.427476
    Latitude
    34.6036389

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    FAQs

    What type of property is this?
    Retirement home - Historic Lawton apartment building, 27 units.
    Where is this retirement home located?
    The property is located at 2501 E Ave Lawton, OK.
    What are key features of this property?
    This property features: Multifamily senior living apartment building totaling 10,704 square feet.; One-story building constructed in 160 (likely a typo, needs clarification).; Located on a 0.36-acre lot in Lawton, Oklahoma, zoned R-3.
    Request Owner's contact information
    2501 E Ave Lawton, OK 73505
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    Lawton, OK 73505
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2501 E Ave Lawton, OK 73505
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