502-506 Lee Blvd & 503 Lawton, OK 73501
This exceptional commercial property in Lawton, Oklahoma, presents a unique investment opportunity. Located at the hard corner of Lee Blvd and SW 5th Street, this offering encompasses three buildings totaling approximately 9,854 square feet (5,476 sq ft and 4,378 sq ft) situated on a substantial 1.82-acre lot. The property includes addresses 502-506 SW Lee Blvd and 503 SW Washington Ave, offering significant frontage on Lee Blvd (232.4 ft x 140 ft) and additional land behind the buildings. Currently configured as an auto shop and storefront, the property's C-5 and R-3 zoning allows for diverse redevelopment possibilities. Built in 1951, the buildings offer potential for renovation and rental income generation, or alternatively, demolition to capitalize on the prime commercial location on this busy thoroughfare. The expansive lot provides ample space for expansion or additional parking, enhancing the property's overall value and appeal. This high-visibility location in Lawton, Oklahoma, presents a compelling investment opportunity with significant upside potential. The property's size, location, and zoning flexibility make it an attractive prospect for a wide range of commercial ventures. The asking price is $295,500.
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
Similar Nearby for Lease
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.