1420 67Th St Lawton, OK 73505
This exceptional mixed-use property in Lawton, Oklahoma, presents a compelling investment opportunity. Situated on a sizable 2.47-acre lot with 272 feet of frontage on NW 67th Street and a depth of 417 feet, the property boasts three buildings totaling 10,587 square feet. The main structure, a 7,200-square-foot metal building, was originally designed as an indoor tennis court and is currently leased to a thriving karate school, ensuring 100% occupancy. A separate metal shop building features overhead doors, bathrooms, skylights, and a remarkable 35-foot peak height, offering versatile usage potential. Complementing these commercial buildings is a charming 3,387-square-foot, four-bedroom, three-bathroom house, complete with a fully finished basement – a unique "man-cave" feature. Recent significant improvements include new roofs and gutters on both the house (January 2024) and the main gym building (December 2023), along with a newly installed asphalt driveway and rear parking area (May 2024). The property is zoned C-1 and enjoys a prime location near major retailers such as Walmart, Walgreens, Dollar Tree, and AutoZone, as well as numerous restaurants. The asking price is $699,000, translating to $66.02 per square foot of net rentable space (7,200 sq ft). This property offers a blend of income-generating potential and diverse development possibilities in a high-traffic area. The substantial lot size and existing infrastructure provide ample room for expansion or future development.
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Southwest Institute of Chinese Martial Arts Training Center Sports School
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.