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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

206 Dearborn & 215 Lawton, OK 73507

4,800 SF 1.41 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 4,800 SF
Lot 1.41 ac (61,420 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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