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    1108 Park Ave Lawton, OK 73501

    For Sale
    $397,000

    Multi-tenant retail, high traffic location.

    Property size:
    2,408 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents two fully occupied retail buildings situated on a combined 0.62-acre lot in Lawton, Oklahoma. The properties, located at 1108 SW Park Ave and 1105 SW 11th St, boast a total of 2,408 square feet and benefit from high visibility on two of Lawton's busiest thoroughfares, SW 11th Street and Lee Boulevard. The buildings, constructed in 2000 and 2016 respectively, are classified as Class B and currently operate under a modified multi-tenant lease with 100% occupancy. The asking price is $397,000, representing a price per square foot of $164.87 and a 5.74% cap rate. The lease commenced October 1, 2022, with a remaining term of two years. Both properties feature ample parking and prominent signage. The C-5 zoning permits a variety of uses. The properties are currently occupied by a single tenant under a year-to-year lease with a one-year renewal option. Financial details are available upon request. Nearby businesses include McDonald's, Dollar General, and Burger King. This core+ investment presents a strong opportunity for immediate cash flow and future growth potential. The APN is 160022068.

    Property Features for 1108 Park Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,408 SF
    Class
    B
    Lot Size
    27,007 SF

    Building Details

    Year Built
    2000
    Buildings
    2

    HighLights

    • Exceptional Lawton, OK investment opportunity: Two fully occupied retail buildings totaling 2,408 square feet on a 0.62‑acre lot.
    • High‑visibility location on SW 11th Street and Lee Boulevard.
    • Class B buildings (2000 & 2016 construction) with 100% occupancy under a modified multi‑tenant lease.
    • Asking price: $397,000 ($164.87/SF, 5.74% cap rate); Two‑year lease term (commenced October 1, 2022).
    • Ample parking, prominent signage, and C‑5 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tropic Lightning Hawaiian Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -98.404789757191
    Latitude
    34.596121211659

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    FAQs

    What type of property is this?
    Restaurant - Multi-tenant retail, high traffic location.
    Where is this restaurant located?
    The property is located at 1108 Park Ave Lawton, OK.
    What is the asking price?
    The asking price for this property is $397,000.
    What are key features of this property?
    This property features: Exceptional Lawton, OK investment opportunity: Two fully occupied retail buildings totaling 2,408 square feet on a 0.62-acre lot.; High-visibility location on SW 11th Street and Lee Boulevard.; Class B buildings (2000 & 2016 construction) with 100% occupancy under a modified multi-tenant lease.
    Request Owner's contact information
    1108 Park Ave Lawton, OK 73501
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    Lawton, OK 73501
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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
    1108 Park Ave Lawton, OK 73501
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