1108 Park AveLawton, OK 73501

Property Details for 1108 Park Ave

Year built

2000

Lot size

0.30 AC

Property size (Sq ft)

1,686 SF

Property type

Turn key restaurants

APN

22064

APU

22064

Description

This exceptional commercial restaurant opportunity is located at 1108 SW Park Ave, Lawton, OK 73501, on a prominent corner lot. The property features two buildings totaling 1,632 square feet on a 0.3-acre lot, zoned C-5. The main building, approximately 1,686 square feet, is currently operating as a restaurant and includes a commercial kitchen, dining room with a large, ADA-accessible deck, two ADA-compliant restrooms, and a drive-through window. Most kitchen equipment remains with the sale. A significant feature is the 10-foot vent hood included in the sale. There is also a separate 722-square-foot storage building with separate utilities and plumbing for a bathroom. Ample paved parking is available. The property boasts a new roof and HVAC system installed in 2021. The current tenant is on a month-to-month lease, paying $1500 per month. This owner/user investment opportunity offers significant potential for a new owner. The property is being sold "as is." Parking is provided at a rate of 10 spaces per 1,000 square feet. The property was built in 2000 and is classified as Class B. This single-tenancy retail property presents a unique chance to acquire a well-established restaurant location in a high-demand area. The property's APN is 0022064.

• CAP approach

  CAP return

  Valuation

  6%

  $416,649

  6.5%

  $384,599

  7%

  $357,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,206

  Geo Method

  $511,206

• Alternative Use

  Use

  Valuation

  Residential

  $324,424

  Hospitality

  $297,171

  Educational

  $247,242

  Medical

  $255,746

  Retail

  $384,599

Location Insight

City

Lawton

County

Comanche

State

Oklahoma

Latitude

34.5961

Longitude

-98.4053

CBSA code

30020

CBSA name

LAWTON, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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