1320 NW Homestead Dr $1,285,000


    1320 NW Homestead Dr Lawton, OK 73505

    • 1.28 Acres
    • Commercial
    MLS# 152893 | Active
    Days On Market: 223 148 Views
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    Property Details

    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.

    • General Features
      • Zoning C-1 Local Comm Dist
      • County Comanche
    • Building Features
      • ELECTRICITY Public Service OK
      • Cooling Central Electric,Zoned
      • Exterior Brick Veneer
      • Floors Carpet, Concrete, Vinyl Tile
      • SAFETY FEATURES Security Lighting, Smoke/Heat Alarm
      • Roof Metal
      • HEATING Central Electric
    • Property Features
      • Sewer City
      • Water City
      • ROAD FRONTAGE City Street


    Edward E. Hilliary * GH Sales Team *

    Broker Associate, MBA, e-PRO, MRP


    RE/MAX Professionals

    Cell: 580-591-1989


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    Market Last 30 Days

    Market information available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $1,285,000
    8/8/2019 11:57:13 AM Price Reduced Source New Value: $1,285,000 -7.89%
    6/11/2019 11:57:10 AM Price Reduced Source New Value: $1,395,000 -5.42%
    3/13/2019 11:57:00 AM New in Database Source New Value: $1,475,000

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    Listing information is provided in part by MLS Committe of the Lawton Board of REALTORS®. Copyright 2019 Lawton Board of REALTORS®. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.