2701-2705 Sheridan Rd Lawton, OK 73505
This exceptional Lawton, Oklahoma retail investment presents a rare opportunity to acquire two fully leased buildings totaling 13,960 square feet on a 2.6-acre lot. Located at 2701-2705 NW Sheridan Rd, just south of Ft. Sill Gate 4, this property benefits from high traffic volume and a prime location. The main building, approximately 7,000 square feet with an additional 2,000 square feet of covered canopy, is currently leased as a bar and offers significant potential for conversion to a restaurant/bar with outdoor seating. A second building, housing a long-established barber shop specializing in military cuts and a T-shirt business, completes the current tenant mix. The property boasts 100% occupancy and a strong rental income stream. Adding to its appeal is approximately 45,750 square feet of undeveloped land zoned R-4, ideal for high-density apartment development. The property is zoned C-5, offering flexibility for future uses. The asking price is $950,000, representing a price per square foot of $68.05. This is a compelling investment opportunity in a thriving market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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