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    206 Dearborn Ave Lawton, OK 73507

    For Sale
    $950,000

    Prime Lawton location, 8,280 sq ft, $950,000

    Property size:
    8,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional restaurant property at 206 NW Dearborn Avenue in Lawton, Oklahoma, presents a unique investment opportunity. The 8,280 square foot building, situated on a 1.41-acre lot, is zoned C-5, offering significant flexibility for various commercial uses. Previously operating as McKenzie's Burger Garage, the property boasts a prime location near the 2nd Street Redevelopment and Elmer Thomas Park, ensuring high visibility and accessibility. The building itself features insulated block walls, two ADA-compliant restrooms, and a fully sprinklered system, enhancing safety and functionality. A substantial 1,000 square foot storage shed provides ample space for inventory or equipment. The property includes three-phase power, a significant advantage for many commercial operations. While the existing restaurant equipment and décor are not included in the asking price of $950,000, the building's solid structure and desirable location make it an ideal canvas for a new culinary venture or other commercial enterprise. The property's size and zoning offer considerable potential for expansion or adaptation to suit a variety of business needs. This is a rare opportunity to acquire a substantial commercial property in a rapidly developing area of Lawton, Oklahoma. The property's address is 206 NW Dearborn Ave, Lawton, OK 73507. Renovated in 2014.

    Property Features for 206 Dearborn Ave

    General Information

    Property type
    Restaurants
    Square Feet
    8,280 SF
    Lot Size
    61,420 SF

    Building Details

    Year Renovated
    2014

    HighLights

    • 8,280 SF building on a 1.41‑acre lot in Lawton, OK.
    • C‑5 zoning allows for diverse commercial uses.
    • Prime location near 2nd Street Redevelopment and Elmer Thomas Park.
    • Features include insulated block walls, two ADA‑compliant restrooms, and a sprinkler system.
    • Includes a 1,000 SF storage shed and three‑phase power.
    • Asking price: $950,000 (restaurant equipment not included).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McKenzie's Burger Garage Hamburger Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -98.3910293
    Latitude
    34.6134402

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    FAQs

    What type of property is this?
    Restaurant - Prime Lawton location, 8,280 sq ft, $950,000
    Where is this restaurant located?
    The property is located at 206 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: 8,280 SF building on a 1.41-acre lot in Lawton, OK.; C-5 zoning allows for diverse commercial uses.; Prime location near 2nd Street Redevelopment and Elmer Thomas Park.
    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 Ave Lawton, OK 73507
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