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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

502-506 Lee Blvd & 503 Lawton, OK 73501

9,854 SF 1.06 ac lot Built 1951
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1951
Total area 9,854 SF
Lot 1.06 ac (46,174 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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