$400,000

104 SW 11th, Lawton, OK 73501

  • 2 baths |
  • 6,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1989
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $67/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

6,000 sf building, potential rent $5,000 per month ? $60,000 annual gross. Beautiful layout, perfect for church, leadership conference, training and development center. Freshly painted, fully furnished, updated plumbing & electrical, new carpet, TV monitors, security, audio visual etc - these features add value and reduce risk for a buyer. The rent potential with assumed operating expense ratio ~40% (leaving 60% net) ? NOI - $36,000/year. Using cap-rates in the range: At 9% cap rate ? Value - $36,000 / 0.09 = $400,000. Turn key, ready to move in and start Church, Classes, whatever is desired.

Listing Status:
Active
Listing Office:
Next Home Tri-Covenant Realty : 580-699-7653
Listing Agent:
Brenda Spencer-Ragland : 580-512-0591
MLS ID:
169994
  • Appliances: RefrigeratorMicrowave
  • Flooring: CarpetVinyl Tile
  • A/C: Central Electric
  • Heating: Central Gas
  • Disability Feature: Handicap Access
  • Parking: Parking spaces: 25
  • Roofing: Flat/Rubber
  • General: ConcreteOne
  • Road/Access: City Street
  • County: Comanche
  • Zoning: Lawton Original Blk 12 Lots 12-13
  • Fencing: None
  • Utilities: City
  • Water: Public
  • Sewer: Public Sewer

This listing courtesy of Brenda Spencer-Ragland, Next Home Tri-Covenant Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

Washington Elementary School

805 NW Columbia Ave, Lawton, OK, 73507

Grades PK-5

0.48 miles away

C

Central Middle School

1201 NW Fort Sill Blvd, Lawton, OK, 73507

Grades 6-8

1.01 miles away

L

Lawton High School

601 NW Fort Sill Blvd, Lawton, OK, 73507

Grades 9-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.