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    1108 Park Ave Lawton, OK 73501

    For Sale
    $424,999

    Prime Lawton restaurant, high traffic corner.

    Property size:
    1,632 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial restaurant opportunity is located at 1108 SW Park Ave, Lawton, OK 73501, on a prominent corner lot. The property features two buildings totaling 1,632 square feet on a 0.3-acre lot, zoned C-5. The main building, approximately 1,686 square feet, is currently operating as a restaurant and includes a commercial kitchen, dining room with a large, ADA-accessible deck, two ADA-compliant restrooms, and a drive-through window. Most kitchen equipment remains with the sale. A significant feature is the 10-foot vent hood included in the sale. There is also a separate 722-square-foot storage building with separate utilities and plumbing for a bathroom. Ample paved parking is available. The property boasts a new roof and HVAC system installed in 2021. The current tenant is on a month-to-month lease, paying $1500 per month. This owner/user investment opportunity offers significant potential for a new owner. The property is being sold "as is." Parking is provided at a rate of 10 spaces per 1,000 square feet. The property was built in 2000 and is classified as Class B. This single-tenancy retail property presents a unique chance to acquire a well-established restaurant location in a high-demand area. The property's APN is 0022064.

    Property Features for 1108 Park Ave

    General Information

    Property type
    Restaurants
    Square Feet
    1,632 SF
    Class
    B
    Lot Size
    13,068 SF

    Building Details

    Year Built
    2000
    Buildings
    2
    Stories
    1

    HighLights

    • High‑visibility corner lot at 1108 SW Park Ave, Lawton, OK 73501.
    • Two buildings totaling 1,632 sq ft on a 0.3‑acre lot, C‑5 zoning.
    • Main building (approx. 1,686 sq ft) is a currently operating restaurant with a commercial kitchen, dining room, ADA‑accessible deck, two ADA restrooms, and drive‑through. Most kitchen equipment included.
    • Includes a 10‑foot vent hood and a separate 722 sq ft storage building with utilities.
    • Ample paved parking; new roof and HVAC (2021); month‑to‑month tenant paying $1,500/month.
    • Class B, built in 2000; APN 0022064; sold "as is".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tropic Lightning Hawaiian Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.4054025
    Latitude
    34.5960846

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    FAQs

    What type of property is this?
    Restaurant - Prime Lawton restaurant, high traffic corner.
    Where is this restaurant located?
    The property is located at 1108 Park Ave Lawton, OK.
    What is the asking price?
    The asking price for this property is $424,999.
    What are key features of this property?
    This property features: High-visibility corner lot at 1108 SW Park Ave, Lawton, OK 73501.; Two buildings totaling 1,632 sq ft on a 0.3-acre lot, C-5 zoning.; Main building (approx. 1,686 sq ft) is a currently operating restaurant with a commercial kitchen, dining room, ADA-accessible deck, two ADA restrooms, and drive-through. Most kitchen equipment included.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1108 Park Ave Lawton, OK 73501
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