Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    502-506 Lee Blvd & 503 Lawton, OK 73501

    For Sale
    $295,500

    Prime Lawton location, 9,854 SF, 1.06 acres.

    Property size:
    9,854 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents two buildings totaling 9,854 square feet situated on a 1.06-acre lot in Lawton, Oklahoma. The property, located at 502-506 SW Lee Blvd & 503 SW Washington, boasts a prime location on a busy main thoroughfare, offering excellent visibility and accessibility. The buildings, constructed in 1951, currently operate as an auto shop, but the C-5/R-3 zoning allows for a variety of commercial uses. The property's substantial size, with 232.4 feet of frontage on Lee Boulevard and an additional lot facing Washington Avenue, presents significant redevelopment potential. The buildings themselves comprise approximately 5,476 square feet at 502 SW Lee Blvd and 4,378 square feet at 504 SW Lee Blvd. This owner-user opportunity is priced at $295,500, or $29.99 per square foot, making it an attractive proposition for investors seeking a high-traffic location with flexible zoning and substantial square footage. The property's versatility allows for renovation and rental income generation or complete demolition to create a new commercial development. This is a rare chance to acquire a significant commercial property in a thriving Oklahoma market. The property is comprised of four lots in total.

    Property Features for 502-506 Lee Blvd & 503

    General Information

    Property type
    Automotive properties
    Square Feet
    9,854 SF
    Lot Size
    46,174 SF

    Building Details

    Year Built
    1951
    Buildings
    2

    HighLights

    • Retail/Auto Repair use.
    • Two buildings totaling 9,854 square feet.
    • C‑5/R‑3 zoning.
    • 1.06‑acre lot.
    • Built in 1951.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3955089
    Latitude
    34.5939159

    Nearby Similar for Sale

    • $400,000
      6,000 SF

      Turnkey Church/Training Facility in Lawton

      6,000 SF building ideal for church or training center.
      104 SW 11Th St, Lawton, OK 73501
      View Details
    • $1,490,000
      44,000 SF

      Lawton Industrial Warehouse Opportunity

      44,000 SF industrial warehouse suitable for manufacturing, logistics, or warehousing.
      301 SE D Ave, Lawton, OK 73501
      View Details
    • $895,000
      22,080 SF

      Lawton Commercial Property For Sale

      22,080 SF commercial property in Lawton, Oklahoma.
      102 SW 11Th St, Lawton, OK 73501
      View Details
    • $139,900
      1,824 SF

      Lawton Office Building For Sale

      Versatile office building with high visibility on Cache Road.
      1222 NW Cache Rd, Lawton, OK 73507
      View Details
    • $120,000

      Well-Maintained Duplex in Lawton, OK

      Duplex for sale with long-term tenants and pet-friendly units.
      2419 NW Cheyenne Ave, Lawton, OK 73505
      View Details
    • $115,000
      2,531 SF

      Lawton Triplex with New Upgrades

      Triplex in Lawton, OK, with new roof and siding.
      1602 NW Columbia Ave, Lawton, OK 73507
      View Details

    FAQs

    What type of property is this?
    Automotive property - Prime Lawton location, 9,854 SF, 1.06 acres.
    Where is this automotive property located?
    The property is located at 502-506 Lee Blvd & 503 Lawton, OK.
    What is the asking price?
    The asking price for this property is $295,500.
    What are key features of this property?
    This property features: Retail/Auto Repair use.; Two buildings totaling 9,854 square feet.; C-5/R-3 zoning.
    Request Owner's contact information
    502-506 Lee Blvd & 503 Lawton, OK 73501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502-506 Lee Blvd & 503
    Lawton, OK 73501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    502-506 Lee Blvd & 503 Lawton, OK 73501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.