303 Sheridan Rd Lawton, OK 73505
- Drive through restaurants
- 3,220 SF
Current Use by Public Records
- China Express / Chinese Restaurant
Property Details for 303 Sheridan Rd
- Year built
- 1966
- Property size
- 3,220 SF
- Property type
- Drive through restaurants
- APN
- 24994
- APU
- 24994
Description
This thriving Chinese restaurant in Lawton, Oklahoma, presents a unique investment opportunity. Located at 303 SW Sheridan Rd, this 3,220 square foot, single-story building sits on a 0.77-acre lot in a high-traffic area with excellent main road exposure. Built in 1966 and fully renovated in 2023, the property boasts a fully equipped kitchen and a functional drive-thru, enhancing operational efficiency and revenue potential. The C-5 zoned property has been successfully operating for over two decades, offering a proven track record and established clientele. The sale includes the real estate, fixtures, furniture, and equipment (FFE). The owner is motivated to sell due to personal health reasons and is open to owner financing with a 25% down payment and negotiable terms. This turnkey operation is ready for a new owner to continue its success. The property is a single-tenant building with a modified lease commencing August 20, 2024.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $320,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $350,000
- Retail
- $370,000
- Mixed-Use
- $370,000
- Hospitality
- $340,000
- Educational
- $305,000
- Residential Income
- $300,000
- Energy
- $380,000
- Income-Based Land
- $345,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.4228
- Latitude
- 34.605
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
