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Property profile & analytics
FOR SALE
Drive through restaurants

303 SW Sheridan Rd Lawton, OK 73505

3,220 SF Built 1966
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US69-0498933
Property summary
AI-generated overview

This thriving Chinese restaurant in Lawton, Oklahoma, presents a unique investment opportunity. Located at 303 SW Sheridan Rd, this 3,220 square foot, single-story building sits on a 0.77-acre lot in a high-traffic area with excellent main road exposure. Built in 1966 and fully renovated in 2023, the property boasts a fully equipped kitchen and a functional drive-thru, enhancing operational efficiency and revenue potential. The C-5 zoned property has been successfully operating for over two decades, offering a proven track record and established clientele. The sale includes the real estate, fixtures, furniture, and equipment (FFE). The owner is motivated to sell due to personal health reasons and is open to owner financing with a 25% down payment and negotiable terms. This turnkey operation is ready for a new owner to continue its success. The property is a single-tenant building with a modified lease commencing August 20, 2024.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1966
Total area 3,220 SF
APN 24994
UPID US69-0498933
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
  • China Express Restaurant
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
2b2t Re 1 LLC · 3 yrs held
2b2t Re 1 LLC
since 2023
Last sale
$275,000
1 recorded transaction
2023
$275,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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