206 NW Dearborn Ave Lawton, OK 73507
Property Lookup
Property profile & analytics
206 NW Dearborn Ave Lawton, OK 73507
- Commercial real estate
- 4,800 SF
- 0.17 lot acres
Property ID
US69-0448941
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- McKenzie's Burger Garage / Restaurant
Property Details for 206 NW Dearborn Ave
- Year built
- 1962
- Lot size
- 0.17 lot acres
- Property size
- 4,800 SF
- Property type
- Commercial real estate
- APN
- 14669
- APU
- 14669
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $515,000
- 6.5%
- $475,000
- 7%
- $440,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $665,000 Current use
- OFFICE BUILDING
- $550,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.391
- Latitude
- 34.6134
- CBSA code
- 30020
- CBSA name
- LAWTON, OK METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,626
$13,289
$29,491
$42,780
-
$118,125
$262,141
$380,266
