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    1501-1507 Lawton Ave Lawton, OK 73507

    For Sale
    $87,680

    0.7-acre development site with rental income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.7-acre commercial land parcel, located at 1501-1507 NW Lawton Ave, Lawton, OK 73507 (APN 160032457), presents a unique investment opportunity. Currently zoned R-3, this property offers significant redevelopment potential or immediate rental income. The land includes a rental house with a long-term tenant, providing a stable cash flow stream. The asking price is $87,680, translating to a land value of $2.89 per square foot. This prime location boasts proximity to established businesses, including the Junction Restaurant, Hibdon Tires Plus, Sanders Hardware, and Phillips 66, ensuring high visibility and convenient access. The property's versatility makes it ideal for various commercial ventures, offering a compelling blend of immediate return and long-term growth potential. This is a rare opportunity to acquire a well-situated commercial property in a thriving area of Lawton, Oklahoma. Serious inquiries only.

    Property Features for 1501-1507 Lawton Ave

    General Information

    Property type
    Land
    Lot Size
    30,492 SF

    HighLights

    • Investment opportunity: Multi‑family property with two adjacent vacant lots on NW Lawton Ave.
    • Stable income stream: Property features a long‑term tenant.
    • Excellent location: Situated near Junction Restaurant, Hibdon Tires Plus, Sanders Hardware, and Phillips 66.
    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 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
    -98.4119759
    Latitude
    34.6244396

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    FAQs

    What type of property is this?
    Land - 0.7-acre development site with rental income.
    Where is this land located?
    The property is located at 1501-1507 Lawton Ave Lawton, OK.
    What is the asking price?
    The asking price for this property is $87,680.
    What are key features of this property?
    This property features: Investment opportunity: Multi-family property with two adjacent vacant lots on NW Lawton Ave.; Stable income stream: Property features a long-term tenant.; Excellent location: Situated near Junction Restaurant, Hibdon Tires Plus, Sanders Hardware, and Phillips 66.
    (580) 353-6100
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    1501-1507 Lawton Ave Lawton, OK 73507
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    Lawton, OK 73507
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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
    1501-1507 Lawton Ave Lawton, OK 73507
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