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    1501 38Th St Lawton, OK 73505

    For Sale
    $199,000

    1.29 Acres, R-1 Zoning, Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.29-acre commercial development site is ideally located at 1501 SW 38th St., Lawton, OK 73505. Priced at $199,000, this property offers significant potential for redevelopment. The land is zoned R-1, providing flexibility for various commercial projects. Its strategic location boasts high visibility and convenient access, situated near a rapidly expanding area of Lawton. Nearby businesses include a Walmart Neighborhood Market, Dollar General, Oak Ridge Animal Hospital, and a Sonic Drive-In. The property features three dedicated exits off Lee Blvd, ensuring easy ingress and egress. Its proximity to both major Lawton hospitals, Cameron College, Great Plains Technology Center, and the main route to Goodyear and the industrial park makes this a highly desirable location for commercial development. The land value is $3.54 per square foot. This prime location offers unparalleled opportunities for investors seeking a high-growth area with established infrastructure and strong community presence. Don't miss this chance to acquire a valuable piece of Lawton's commercial real estate market.

    Property Features for 1501 38Th St

    General Information

    Property type
    Land
    Lot Size
    56,192 SF

    HighLights

    • Redevelopment opportunity: Raw land available on SW 38th St.
    • Prime location near major hospitals, Cameron College, Great Plains Technology Center, and major routes to Goodyear and the industrial park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4399021
    Latitude
    34.5914969

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    FAQs

    What type of property is this?
    Land - 1.29 Acres, R-1 Zoning, Development Site
    Where is this land located?
    The property is located at 1501 38Th St Lawton, OK.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Redevelopment opportunity: Raw land available on SW 38th St.; Prime location near major hospitals, Cameron College, Great Plains Technology Center, and major routes to Goodyear and the industrial park.;
    (580) 353-6100
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    1501 38Th St 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
    1501 38Th St Lawton, OK 73505
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