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    2315 Sheridan Rd Lawton, OK 73505

    Sponsored
    For Sale
    $849,000

    Established Restaurant, High Traffic Area

    Property size:
    9,460 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use investment opportunity encompasses a thriving Papa Louie's Pizzeria, strategically located on a high-traffic corner of Sheridan Road in Lawton, Oklahoma. The property boasts a substantial 9,460 square feet, spread across multiple buildings, offering diverse operational spaces. The main restaurant building at 2315 NW Sheridan Rd features two entrances, a built-in bar, security cameras, two ADA-compliant restrooms, and ample space for potential expansion. Adjacent at 2012 NW Smith Ave is a building with a brand new roof, over 1,700 square feet of kitchen space, an 8x12 walk-in refrigerator, and additional room for seating. A separate 1,440 square foot warehouse at 2307 NW Sheridan Rd includes three overhead doors and water availability. The 0.63-acre lot benefits from highly visible pole signage. The property's prime location near Fort Sill, a major US Army post, ensures a consistent customer base. Nearby businesses include Family Dollar and Chrome Link Harley Davidson. All existing inventory, including pool tables, kitchen equipment, game machines, dance floor, and inflatables, is included in the sale. The restaurant is currently operational, presenting a turnkey opportunity for an owner/user. The property is zoned C-5 and was built in 1975. The asking price is $849,000, translating to $89.75 per square foot. Individual buildings are also available for lease.

    Property Features for 2315 Sheridan Rd

    General Information

    Property type
    Restaurants
    Square Feet
    9,460 SF
    Lot Size
    27,443 SF

    Building Details

    Year Built
    1975

    HighLights

    • Fully equipped restaurant including all inventory: pool tables, kitchen equipment, game machines, dance floor, and inflatables.
    • Currently operating restaurant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4219782
    Latitude
    34.6322421

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Traffic Area
    Where is this restaurant located?
    The property is located at 2315 Sheridan Rd Lawton, OK.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Fully equipped restaurant including all inventory: pool tables, kitchen equipment, game machines, dance floor, and inflatables.; Currently operating restaurant.;
    Request Owner's contact information
    2315 Sheridan Rd 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
    2315 Sheridan Rd Lawton, OK 73505
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