502-506 Lee Blvd & 503 Lawton, OK 73501
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.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.