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    206 Dearborn & 215 Lawton, OK 73507

    For Sale
    $950,000

    Prime Lawton location, high-potential investment.

    Property size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This Lawton, Oklahoma property presents a compelling value-add opportunity encompassing a former McKenzie Burger Bar restaurant and a substantial storage shed. Located at 206 NW Dearborn & 215 NW Columbia, this 1.41-acre lot boasts a combined square footage ranging from 4,800 to 21,000 square feet, depending on the inclusion of the storage shed. The main building, approximately 8,280 square feet, previously housed a restaurant and gift shop, featuring insulated block walls, two ADA-compliant restrooms, and a fully sprinklered system. The property also includes a separate approximately 11,000 square foot storage shed. The site benefits from three-phase power and is situated in a C-5 zoned area, offering flexibility for future development. Its advantageous location near the 2nd Street Development and Elmer Thomas Park, within a Tax Increment Financing (TIF) district, further enhances its investment appeal. Note that equipment and décor are not included in the asking price of $950,000. This property is ideal for investors seeking a prime location with significant redevelopment potential in a thriving area of Lawton.

    Property Features for 206 Dearborn & 215

    General Information

    Property type
    Restaurants
    Square Feet
    4,800 SF
    Lot Size
    61,420 SF

    HighLights

    • $950,000 asking price for a retail and self‑storage property.
    • McKenzie Burger Bar restaurant previously occupied the 8,280 SF main building.
    • Property includes a ±11,000 SF storage shed.
    • Located at 206 NW Dearborn & 215 NW Columbia, Lawton, OK 73507, on a 1.41‑acre lot.
    • Zoned C‑5.
    • Features three‑phase power, two ADA‑compliant restrooms, and a sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Lawton
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.3910293
    Latitude
    34.6134402

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    FAQs

    What type of property is this?
    Restaurant - Prime Lawton location, high-potential investment.
    Where is this restaurant located?
    The property is located at 206 Dearborn & 215 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: $950,000 asking price for a retail and self-storage property.; McKenzie Burger Bar restaurant previously occupied the 8,280 SF main building.; Property includes a ±11,000 SF storage shed.
    Request Owner's contact information
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    Lawton, OK 73507
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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
    206 Dearborn & 215 Lawton, OK 73507
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