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104 SW 11th Lawton, OK 73501

  • $400,000
  • 2 Full Baths
  • 6,000 sq ft
  • Year Built: 1989
  • Commercial
  • Listing #169994

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 Details

Price$400,000
Bathrooms2 Full Baths
Year Built1989
Property TypeCommercial
Listing #169994
StatusActive
Listing TypeFor Sale

Interior Features

Square Feet6,000

Community Information for Lawton, OK 73501

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Community overview information from Home Junction Inc.

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