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    303 Sheridan Rd Lawton, OK 73505

    Sponsored
    For Sale
    $425,000

    Established eatery, high traffic area, drive-thru.

    Property size:
    3,220 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This thriving Chinese restaurant in Lawton, Oklahoma, presents a unique investment opportunity. Located at 303 SW Sheridan Rd, this 3,220 square foot, single-story building sits on a 0.77-acre lot in a high-traffic area with excellent main road exposure. Built in 1966 and fully renovated in 2023, the property boasts a fully equipped kitchen and a functional drive-thru, enhancing operational efficiency and revenue potential. The C-5 zoned property has been successfully operating for over two decades, offering a proven track record and established clientele. The sale includes the real estate, fixtures, furniture, and equipment (FFE). The owner is motivated to sell due to personal health reasons and is open to owner financing with a 25% down payment and negotiable terms. This turnkey operation is ready for a new owner to continue its success. The property is a single-tenant building with a modified lease commencing August 20, 2024.

    Property Features for 303 Sheridan Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,220 SF
    Class
    C
    Lot Size
    33,541 SF

    Building Details

    Year Built/Renovated
    1966/2023
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $425,000 asking price for this 3,220 SF restaurant building.
    • Located at 303 SW Sheridan Rd, Lawton, OK 73505, on a 0.77‑acre lot.
    • Class C retail property with a modified lease, single tenancy, and lease commencement date of August 20, 2024.
    • Features main road exposure, a drive‑thru, and a full kitchen.
    • Recently renovated (2023) with a C‑5 zoning designation. Includes all fixtures, furniture, and equipment (FFE).
    • Owner financing available with 25% down; terms negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    China Express Chinese Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -98.4227838
    Latitude
    34.6049573

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    FAQs

    What type of property is this?
    Restaurant - Established eatery, high traffic area, drive-thru.
    Where is this restaurant located?
    The property is located at 303 Sheridan Rd Lawton, OK.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for this 3,220 SF restaurant building.; Located at 303 SW Sheridan Rd, Lawton, OK 73505, on a 0.77-acre lot.; Class C retail property with a modified lease, single tenancy, and lease commencement date of August 20, 2024.
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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
    303 Sheridan Rd Lawton, OK 73505
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