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Restaurant Property Near Downtown
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206 NW Dearborn Ave, Lawton, OK 73507

Restaurant and gift shop near downtown and Elmer Thomas Park.

Property Size8,280 SF
Price / SF$114.73
Days on Market1024

Property Features for 206 NW Dearborn Ave

General Information

Standard status Active
Size 8,280 SF
Property subtype Retail
Zoning C-5
Investment Type Owner/User

Building Details

Year Renovated 2014
Tenancy Single
Listing Agency: Cummins-Setters Commercial Partners
Listed By: Johnny Owens · License #OK 084935
Source: Crexi
Added: Nov 23, 2023 Changed: Sep 5 Last Checked: Sep 12 at 5:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cummins-Setters Commercial Partners

Investment Insights

Based on property information with market context.

This property, formerly a Mckenzie's Burger Garage, is available for sale. It is located near the 2nd Development and Elmer Thomas Park, situated on the primary artery serving downtown. The property includes an 8,280-square-foot restaurant and gift shop, along with a 1,000-square-foot storage shed. The main building features insulated block walls, two ADA restrooms, and a fully sprinkled interior. It also has three-phase power. Please note that the equipment and décor are not included in the purchase price.

Key Highlights

  • Prime location near 2nd Development and Elmer Thomas Park on the primary artery serving downtown.
  • Substantial ±8,280 SF restaurant and gift shop space.
  • Three‑phase power, suitable for restaurant operations.

Property Analytics

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Current Use

McKenzie's Burger Garage Restaurant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Locksmith (Bike/Boat/Book/etc) Store Catering Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

722
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Apparel 52% Shops & Services 38% Hotels & Casinos 8% Electronics 2%
Kohl's Apparel
28,921 visits/mo 0.2 miles
DICK'S Sporting Goods Apparel
24,619 visits/mo 0.2 miles
Dollar Tree Shops & Services
14,777 visits/mo 0.1 miles
Petco Shops & Services
12,395 visits/mo 0.2 miles
Jo-Ann Fabric and Craft Shops & Services
8,766 visits/mo 0.2 miles

Demographics for 73507, OK

21,605
Population
10,504
Households
2.1
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
243.8 sq mi
ZIP Area
89
Density / Sq Mi
$61,092
Median Household Income
$36,244
Median Earnings
$916
Median Rent
$155,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant and gift shop near downtown and Elmer Thomas Park.
Where is this conventional restaurant located?
The property is located at 206 NW Dearborn Ave Lawton, OK.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location near 2nd Development and Elmer Thomas Park on the primary artery serving downtown.; Substantial ±8,280 SF restaurant and gift shop space.; Three‑phase power, suitable for restaurant operations.
(580) 536-4192 Call to check price and availability
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