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    Property profile & analytics
    OFF-MARKET
    Retail space

    1615 Taft Ave, Lawton, OK 73507-2970

    3,216 SF 0.18 ac lot Built 1950
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US69-0319273
    Property summary
    AI-generated overview

    This exceptional investment opportunity in Lawton, Oklahoma, presents a unique blend of established income and high-potential redevelopment. Located at 1615 NW Taft Ave, the property encompasses approximately 3,200 square feet and sits on a 0-acre lot. The building is currently divided into two distinct areas. One section houses a fully operational and well-maintained laundromat, providing a consistent revenue stream for the investor. The second, larger area, is the former Taft Grocery, a cherished local landmark with significant historical value within the community. This space offers immense flexibility for a variety of uses. Imagine transforming it into a modern grocery store, a vibrant cafГ©, or a unique retail establishment catering to the local residents. The possibilities are virtually limitless, allowing for creative adaptation to meet current market demands. The property's central location within the community ensures high visibility and accessibility, making it an ideal choice for entrepreneurs seeking a thriving business environment. This is a rare chance to acquire a property with both immediate income generation and significant long-term growth potential. The combination of a proven business model and a versatile, adaptable space makes this an attractive investment opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1950
    Total area 3,216 SF
    Lot 0.18 ac (7,696 SF)
    APN 32033
    UPID US69-0319273
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Taft Laundry (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Johnson Kertis · 4 yrs held
    Johnson Kertis
    since 2021
    Last sale
    $99,000
    3 recorded transactions
    2021
    $99,000
    2020
    $60,000
    2005
    $60,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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