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2331 SW Lee Blvd

Lawton, OK 73505
  • $365,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 163571
UPDATED: 69 min ago
$365,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,665
    SQFT
  • $42
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1973
County:
Area:

School Ratings & Info

Description

Excellent investment opportunity! This fully leased commercial property features two office suites in the front building and 11 warehouse bays in the back. The two office suites are separated by a firewall. One office suite is an open area with a small bathroom, a small office, and a small storage area and is currently rented by a church. The second office suite was previously a radio station and has a large open area for workstations, three private offices that were recording studios, and a large executive office that is large enough for an executive desk with a credenza and conference room table. This suite also has a handicap-accessible restroom. The church is expanding into this suite as well in June 2023. There are 10 parking spaces in front of the office building. Behind the office building is an attached warehouse building with 11 roll-up doors. The warehouse space is divided into 5 spaces that are each separated by a firewall. All five warehouse spaces have private restrooms. The warehouse spaces have electricity but no heating or cooling provided by the landlord. There is also a fenced area for parking and storage of personal property for the warehouse spaces. All the warehouse spaces are currently leased. Each of the office suites and each of the warehouse spaces are metered separately for electricity. However, there is only one water meter that is paid by the landlord and this bill averages $375 monthly. The monthly income is $3,450 and the average monthly expenses (Insurance, Taxes, and Utilities) are $877.25 with a total net income of $2,572.75 with an annual estimated NOI of $30,173. This property is listed at a 9% cap rate. All leases are current and available along with financials for the property for the past few years. The lot dimensions are 100 of road frontage along Lee Blvd by 330 back to the North. The property is currently zoned I-1. The office building was renovated in 2012. The roof polyurethane foam, acrylic base coat, and acrylic top coat was replaced in 2017. The parking lot was resurfaced with a hot mix in 2017 and the exterior of the office building was repainted in 2022. Please contact Kim Thomas for details or to schedule a tour of the property, 580-704-9916.

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Listing information © 2023 Lawton Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pam & Barry's Team - RE/MAX Professionals. Data last updated 2023-06-07T14:33:38.21.
www.homefinderlawton.com/homes/138926913
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2331 SW Lee Blvd Lawton, OK 73505

  • Price: $365,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 69 min ago
  • MLS #: 163571
0
Beds
0
Baths
0
½ Baths
0.76
Acres
8,665
SQFT
$42
$/SQFT
1973
Built
Neighborhood:
White Acres
County:
Comanche
Area:
White Acres
Property Description
Excellent investment opportunity! This fully leased commercial property features two office suites in the front building and 11 warehouse bays in the back. The two office suites are separated by a firewall. One office suite is an open area with a small bathroom, a small office, and a small storage area and is currently rented by a church. The second office suite was previously a radio station and has a large open area for workstations, three private offices that were recording studios, and a large executive office that is large enough for an executive desk with a credenza and conference room table. This suite also has a handicap-accessible restroom. The church is expanding into this suite as well in June 2023. There are 10 parking spaces in front of the office building. Behind the office building is an attached warehouse building with 11 roll-up doors. The warehouse space is divided into 5 spaces that are each separated by a firewall. All five warehouse spaces have private restrooms. The warehouse spaces have electricity but no heating or cooling provided by the landlord. There is also a fenced area for parking and storage of personal property for the warehouse spaces. All the warehouse spaces are currently leased. Each of the office suites and each of the warehouse spaces are metered separately for electricity. However, there is only one water meter that is paid by the landlord and this bill averages $375 monthly. The monthly income is $3,450 and the average monthly expenses (Insurance, Taxes, and Utilities) are $877.25 with a total net income of $2,572.75 with an annual estimated NOI of $30,173. This property is listed at a 9% cap rate. All leases are current and available along with financials for the property for the past few years. The lot dimensions are 100 of road frontage along Lee Blvd by 330 back to the North. The property is currently zoned I-1. The office building was renovated in 2012. The roof polyurethane foam, acrylic base coat, and acrylic top coat was replaced in 2017. The parking lot was resurfaced with a hot mix in 2017 and the exterior of the office building was repainted in 2022. Please contact Kim Thomas for details or to schedule a tour of the property, 580-704-9916.
Exterior Features

Dock Loading No Exterior Brick VeneerConcrete Fencing Chain Linked Lot Dimensions 100 X 330 Roof Flat/Rubber Type Office Building

Interior Features

Appliances None Cooling Office Area Only Current Past Business ProfessionalAutomotive ServiceWarehouse Electricity Public Service Ok Fire Sprinkler No Floors CarpetConcreteVinyl Tile Gas None Handicap Access YN Yes Heating Central ElectricOffice Area Only Industrial Sq Ft 0 Number Of Parking Spaces 10 Occupied Yes Office Sq Ft 3240 Retail Sq Ft 0 Safety Features Fire WallsLighted Parking Stacking Height 1 Story Total Sq Ft Range 5001 - 10000 Warehouse Sq Ft 5425

Property Features

Avg Monthly Utilities 303.83 Disclosures None Known Documents On File Financial Det.Copy Of LeasesSecurity DepositPhoto Environ Impact Study No Fin Statement Available Yes Flood Insurance Required No For Lease None For Sale BuildingLand Franchise No Gross Income Per Month 3450.00 Lease Per MonthUnit Net Oper Inc Per Month 2572.75 Number Of Levels One Ownership Re-Owned Possession At Closing Property Taxes 3586.95 Road Frontage City StreetPaved Sale Lease Back No Sale Rent For Sale Sewer City Sq Ft Source Tax Record Tax Year 2023 Taxes 0 Tenant Pays ElectricityMaintenance Terms Of Sale ConventionalSmall BusinessCash Water City Zoning I-1 Restricted Man

Listing provided courtesy of Re/Max Professionals: 580-353-7496. Listing information © 2023 Lawton Multiple Listing Service.
Listing information © 2023 Lawton Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pam & Barry's Team - RE/MAX Professionals. Data last updated 2023-06-07T14:33:38.21.
 
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3908 NW Elm Ave
Lawton OK, 73505