502-506 Lee Blvd & 503 Lawton, OK 73501
- Retail properties
- 9,854 SF
- 1.06 lot acres
Current Use by Public Records
- Retail properties
Property Details for 502-506 Lee Blvd & 503
- Year built
- 1951
- Lot size
- 1.06 lot acres
- Property size
- 9,854 SF
- Property type
- Retail properties
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.3955
- Latitude
- 34.5939
