Current Use by Public Records
- Retail properties & Spaces
Property Details for 206 Dearborn & 215
- Lot size
- 1.41 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.391
- Latitude
- 34.6134
