2812-2818 Sheridan Rd Lawton, OK 73505
- Lifestyle centers
- 3,600 SF
- 0.34 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 2812-2818 Sheridan Rd
- Year built
- 1986
- Lot size
- 0.34 lot acres
- Property size
- 3,600 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 3,600 square foot Class C shopping center, located at 2812-2818 NW Sheridan Rd in Lawton, Oklahoma (Comanche County, zip code 73505), presents a compelling investment opportunity. Built in 1986, this single-story, multi-tenant property sits on a 0.34-acre lot (APN 0035489) and boasts a desirable C-5 zoning. The property features four 900 square foot lease spaces, historically fully occupied. Significant recent improvements include a complete roof replacement currently underway and the replacement of all four HVAC units in 2022. Its prime location on a busy thoroughfare near the entrance to Fort Sill ensures high visibility and consistent traffic. The asking price is $250,000, offering a strong 10.62% capitalization rate. This well-maintained property offers a stable income stream and significant potential for future growth. The property's history of consistent occupancy and recent upgrades make it an attractive investment for those seeking a high-yield retail asset in a strategic location.
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
- -98.4224
- Latitude
- 34.6369
