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Investment Highlights

  • Well-established, freestanding turnkey 14,519-square-foot medical/office opportunity with strong infrastructure and a history of reputable tenants.
  • Positioned 4 miles west of Interstate 44 on a heavily traveled primary road, with high visibility from signage that faces over 17,500 vehicles a day.
  • Chance to purchase an additional 1.58 acres of land (starting at $150,000) behind the building, providing a valuable opportunity for future expansion.
  • Furniture, fixtures, and equipment will be included, opening the doors for medical offices, urgent care use, or readapting into a bank/retail space.
  • Health-centric corridor, centrally located five minutes between two Memorial Health-owned medical centers, and 37 miles from Duncan Regional Hospital.
  • Flexibility for single- or multi-tenant use, with a small portion currently occupied by an income-generating tenant on a month-to-month sublease.

Executive Summary

Located at 4920 SW Lee Boulevard, this well-positioned office building presents an excellent opportunity for investors or owner/users seeking strong visibility and functionality in southwest Lawton. Appraisal in October 2025 was $3,430,000.00 - now being priced at 15% discount to facilitate rapid sale now that Dr. Smith is retired. Situated on a 2-acre site with C-1 (General Commercial) zoning with expansion potential, the property offers flexible single-tenant or multi-tenant occupancy and benefits from a proven professional and medical occupancy history. 4920 SW Lee Boulevard was previously home to the Allergy Ear Nose and Throat Institute, and a portion of the building is currently on a month-to-month sublease, occupied by Skin Secrets Facial Plastic Surgery and Medical Spa. Uniquely constructed, this property can easily be repositioned to align with evolving market demand, including general retail or bank use.

4920 SW Lee Boulevard features 40-plus total rooms, including a conference room, full kitchen, multiple built-in workstations, a central nurse station, multiple private management offices, and two private physician offices. In addition, it features a radiology suite, a suite of medical spa rooms, consulting space, and a treatment and photography room. The office and exam areas are fully furnished and include a waiting room, a large reception area with three built-in desks, a telephone system, and a building security alarm and video monitoring system. Utilize the ADA-compliant, patient-approved elevator and build out the leak-proof, 3,100-square-foot basement (includes separate stair access) for personal or client-facing services, currently used for secure equipment and chart storage. Furthermore, extensive renovations have been completed recently, including a brand-new Class 4 roof in 2025.

Enjoy low utility costs and premier amenities at 4920 SW Lee Boulevard, including a covered portico for convenient patient drop-off and a private east-side patient exit directly from the operating room area. A geothermal ground-source heat pump HVAC system services the site, which is efficiently housed in the basement.

Located between Lawton’s two major medical centers, the Memorial Health North and South Campus, and 37 miles from Duncan Regional Hospital, this property thrives in a synergistic corridor. 4920 SW Lee Boulevard is a smart owner/user investment offering control, flexibility, and stability. Don’t miss the chance to take advantage of the stellar frontage on a major arterial route, convenient access, strong exposure, and proximity to surrounding medical services, retail, and residential neighborhoods.

Property Facts

Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,519 SF
Building Class
C
Year Built
2003
Price
$2,999,000
Price Per SF
$206.56
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,519 SF
Building FAR
0.10
Lot Size
3.48 AC
Parking
86 Spaces (5.92 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Demographics

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 mile
3 mile
5 mile
2020 Population
5,924
46,052
68,618
2024 Population
5,618
46,698
71,161
Population Growth '20-'24
-5.2%
1.4%
3.7%
2020 Households
2,298
19,166
27,640
2024 Households
2,161
19,432
28,712
Household Growth '20-'24
-6.0%
1.4%
3.9%
Average Age
35
38
38
Median Household Income
$65,192
$51,669
$50,908
Daytime Employees
1,852
20,508
35,885
Total Businesses
195
2,650
4,292
College Degree + Higher
23%
21%
20%

Nearby Amenities

Hospitals

Southwestern Medical Center Acute Care 1 min drive 0.4 mi
Comanche County Memorial Hospital Acute Care 4 min drive 2.2 mi
Lawton Indian Hospital Acute Care 13 min drive 6.2 mi

Restaurants

Subway - - 2 min walk
Taco Mayo - - 6 min walk

Retail

Arvest Bank Bank 4 min walk

Hotels

Extended Stay America Suites
113 rooms
6 min drive
Quality Inn
69 rooms
7 min drive
Capital O
40 rooms
7 min drive
La Quinta Inns & Suites
82 rooms
7 min drive
Hampton by Hilton
86 rooms
8 min drive

Property Taxes

Property Taxes

Parcel Number
0026738
Land Assessment
$82,123
Improvements Assessment
$156,934
Total Assessment
$239,057

Sale Advisor

Sale Advisor

Dale Smith, Owner
With over 25 years of experience as an Ear, Nose, and Throat Surgeon, Dr. Smith continues to practice all aspects of the Otolaryngology. His commitment to teaching others is evidenced by his appointment as an assistant clinical professor in the department of Otolaryngology at the University of Oklahoma. Dr. Smith also weekly teaches family practices residents from the University of Oklahoma here in Lawton and frequently has visiting medical students in the office. He also enjoys teaching the entire staff at the Institute as part of his desire to ensure excellence in care for all the patients treated within the facility. Some of his greatest rewards in his practice are hearing patients compliment the staff for their part in the teamwork that has blessed their lives.
  • Listing ID: 39605991

  • Date on Market: 2/27/2026

  • Last Updated:

  • Address: 4920 SW Lee Blvd, Lawton, OK 73505

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