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    411 Larrance St Lawton, OK 73501

    For Sale
    $1,500,000

    Historic Warehouse, 58,000 SF, $1.5M

    Property size:
    58,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional industrial property presents a unique investment opportunity in Lawton, Oklahoma. The former Fairmont Creamery, a three-story, 58,000-square-foot warehouse, sits on a 3.29-acre lot zoned CBD. Built in 1917, the building boasts significant infrastructure, including 1,600 amps of underground electricity with capacity for an additional 4,000 amps, fiber optics, and all utilities connected. The property features a substantial basement (approximately 11,000 square feet) with car access and a cargo elevator. The third floor offers seven insulated electric garage doors. Exterior amenities include a covered patio (approximately 18' x 80'), a metal shop with a 30' double-door entrance (included in the total square footage), brick retaining walls, and an outdoor sprinkler system. Three stages are available for outdoor activities. This prime location is one block south of the Lawton Fire Department, Police Department, and Municipal Court, one block east of Central Plaza, and approximately four blocks west of I-44. The asking price is $1,500,000, translating to $25.86 per square foot. This vacant warehouse offers significant potential for owner-users or investors seeking a substantial property in a central Lawton location. The building's history and substantial size, combined with its modern utilities and convenient location, make it an attractive proposition.

    Property Features for 411 Larrance St

    General Information

    Property type
    Distribution properties
    Square Feet
    58,000 SF
    Lot Size
    143,312 SF

    Building Details

    Year Built
    1917
    Stories
    3

    HighLights

    • Exceptional investment opportunity: 58,000 SF three‑story warehouse on 3.29‑acre CBD lot in Lawton, OK.
    • $1,500,000 asking price ($25.86/SF).
    • Significant infrastructure: 1,600 amps power (4,000 amp capacity), fiber optics, all utilities connected.
    • Features 11,000 SF basement with car access and cargo elevator, plus seven insulated electric garage doors on the third floor.
    • Exterior amenities include covered patio, metal shop, brick retaining walls, and sprinkler system. Prime location near I‑44, city services, and Central Plaza.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fairmont District Experience, ... Business Development Service

    Suggested Use

    Restaurant Realty agency Dental Office Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3866451
    Latitude
    34.6022985

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    FAQs

    What type of property is this?
    Distribution property - Historic Warehouse, 58,000 SF, $1.5M
    Where is this distribution property located?
    The property is located at 411 Larrance St Lawton, OK.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 58,000 SF three-story warehouse on 3.29-acre CBD lot in Lawton, OK.; $1,500,000 asking price ($25.86/SF).; Significant infrastructure: 1,600 amps power (4,000 amp capacity), fiber optics, all utilities connected.
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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
    411 Larrance St Lawton, OK 73501
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