305 Sheridan Rd Lawton, OK 73505
- Office buildings
- 4,450 SF
- 0.32 lot acres
Current Use by Public Records
- Farmers Insurance - Mindy Pritchard / Home Insurance Agency / Life Insurance Agency
- Dana Oyler General Practice / Medical Clinic / General Practitioner
- Amity Counseling / Counselor
- Wichita Reflections Counseling / Counselor / Mental Health Service
- Arleta S Stover / Counselor
Property Details for 305 Sheridan Rd
- Year built
- 1997
- Lot size
- 0.32 lot acres
- Property size
- 4,450 SF
- Property type
- Office buildings
- APN
- 24256
- APU
- 24256
Description
This exceptional investment opportunity presents a 4,421 square foot medical office building situated at 305 NW Sheridan Rd in Lawton, Oklahoma. The single-story, Class C building, constructed in 1997, sits on a 0.32-acre lot and boasts a 6.21% cap rate. Currently operating at 50% occupancy with a multi-tenant lease structure, this property offers significant upside potential. The building features ample parking with a ratio of 4.07 spaces per 1,000 square feet. Its prime location on NW Sheridan Rd, a major thoroughfare, ensures high visibility and accessibility, with 19,650 vehicles passing daily. Excellent signage opportunities further enhance its marketing potential. The property benefits from its proximity to numerous commercial establishments, including Sam's Club, Walmart, Hobby Lobby, Braum's, Raising Cane's, Panera Bread, Walgreens, Cameron University, and Comanche County Memorial Hospital. Its convenient location also places it minutes from Fort Sill. The property is zoned P-0 and offers a turnkey investment opportunity with potential for retail or office space. The asking price is $474,999. The APN is 0024256.
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
- -98.4219
- Latitude
- 34.6126
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
