1420 67Th St Lawton, OK 73505

Property Details for 1420 67Th St

Year built

1946

Lot size

2.47 lot acres

Property size

10,587 SF

Property type

Commercial real estate

Description

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.