Buy and Sell with Shannon

1320 NW Homestead Dr, Lawton, OK 73505 (MLS # 152893)

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PRICE $1,475,000
SIZE 18,900 sq ft
LOT SIZE 1.28 ac

This great commercial property features 8 tenant suites ranging in size from 710 SF to 5,190 SF. The Gross Lease-able area of the office building is 18,900 SF. Six of the 8 suites are currently occupied. Monthly income and expenses are based on the current occupancy so NOI will increase as vacancies are filled. This property has been well maintained with roof maintenance completed in a timely manner and many of the roof top HVAC systems replaced over the past 5 years. The leases are Triple Net Leases so tenants pay their pro-rated share of common area maintenance costs, property taxes and hazard insurance. Tenants also contribute the first $500 toward maintenance issues within their suites. Many of the tenants have been tenants for many years and signed lease renewals and extensions. The property has visibility from Cache Road and is on a main side road that Lawtonians use for traveling from Cache Road to Sheridan. Parking is more than sufficient for the building and there is adequate handicap accessibility. All tenant suites are separately metered for electricity and each have at least one handicap accessible restroom. This property would make a great investment for an owner looking for a monthly income stream. Call Kim Thomas today to discuss this property, 580-704-9916.

DAYS ON MARKET 73 LAST UPDATED 3/13/2019
YEAR BUILT 1996 COMMUNITY TOMLINSON HMSTD
COUNTY Comanche TOTAL PARKING 80
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
APPLIANCES Walk-In Coolers
CLASS COMMERCIAL/INDUSTRIAL
COOLING Central Electric, Zoned
CURRENT/PAST BUSINESS Bar/Tavern, General Business, Medical, Professional, Restaurant
DOCK LOADING No
ELECTRICITY Public Service OK
ENVIRON. IMPACT STUDY No
EXTERIOR Brick Veneer
FENCING Wrought Iron
FIRE SPRINKLER No
FLOOD INSURANCE REQUIRED No
FLOORS Carpet, Concrete, Vinyl Tile
GAS Natural
HANDICAP ACCESS (Y/N) Yes
HEATING Central Electric, Zoned
LEASE PER Square Feet
NUMBER OF LEVELS One
OCCUPANT Tenant
OCCUPIED Yes
ROAD FRONTAGE City Street, Paved
ROOF Metal
SAFETY FEATURES Security Lighting, Smoke/Heat Alarm
SEWER City
TENANT PAYS Electricity, Gas, Insurance, Maintenance, Sewer, Taxes, Water
TOTAL SQFT 18, 900
TYPE OFFICE BUILDING
WATER City
ZONING C-1 Local Comm Dist


50 Car-Dependent



 
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