1431 23Rd St Lawton, OK 73505
This exceptional investment opportunity presents a substantial 25,240 square foot former elementary school building situated on a generous 3.5-acre lot in Lawton, Oklahoma. Located at 1431 NW 23rd St, this property boasts a unique combination of land and building space, presenting a multitude of potential uses. The main school building totals approximately 25,240 square feet, complemented by a separate, free-standing gymnasium of approximately 3,740 square feet. Built in 1962, the property is currently vacant and offers significant upside for a savvy investor or owner-user. The asking price is $129,000, translating to a price per square foot of $5.11. The permitted zoning is P-F, offering flexibility for various redevelopment or repurposing options. The expansive lot size provides ample space for expansion, parking, or outdoor amenities. This property is ideal for those seeking a large-scale project with significant potential for return on investment. Its location in Lawton, Comanche County, Oklahoma, zip code 73505, offers convenient access to local amenities and infrastructure. This is a rare opportunity to acquire a substantial property with significant potential for redevelopment or repurposing. Serious inquiries are encouraged.
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
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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.