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1615 Taft Ave Lawton, OK 73507-2970

OFF-MARKET Retail space Google Maps
3,216 SF 0.18 ac lot Built 1950
Individually Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$125k
Range $113k – $138k (±10%)
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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$135k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$125k

Owner & transaction history

since 2021
Last sale
$99,000
3 recorded transactions
2021
$99,000
2020
$60,000
2005
$60,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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