Lawton, Oklahoma, is an attractive destination for investors seeking to purchase a restaurant, with 7 available listings to choose from. Restaurants in Lawton offer a unique opportunity to tap into the city's diverse economy, which is driven by the nearby Fort Sill Military Reservation, as well as the manufacturing, higher education, healthcare, and retail sectors. As a restaurant owner in Lawton, you can cater to a diverse clientele, including military personnel, students, and locals. The city's infrastructure, including the Lawton Area Transit System, Interstate 44, and the Lawton-Fort Sill Regional Airport, makes it easily accessible to customers. Additionally, Lawton's amenities, such as Comanche County Memorial Hospital, Southwestern Medical Center, and Elmer Thomas Park, provide a high quality of life for residents and visitors alike. With its rich cultural scene, featuring events like the Arts for All Festival and The International Festival, Lawton is an excellent place to own a restaurant and be part of a thriving community.
Lawton's restaurants are an integral part of the city's economy, offering a range of cuisines to suit diverse tastes. With Cameron University and Comanche Nation College nearby, restaurants can cater to students and faculty seeking convenient and affordable dining options. The city's healthcare sector, including Comanche County Memorial Hospital and Southwestern Medical Center, also provides a steady stream of customers. In addition to restaurants, Lawton offers a range of other investment opportunities, including Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels. For example, investors can explore apartment buildings near the university or shopping centers along Interstate 44. Specialty properties, such as event spaces or art galleries, can thrive in the city's cultural districts, while hotels can cater to visitors attending events at the Lawton-Fort Sill Regional Airport. With its diverse economy and infrastructure, Lawton is an attractive destination for investors seeking to purchase a restaurant or explore other investment opportunities.
What is the average cost per square foot for a restaurant in Lawton?
For those interested in purchasing a restaurant in Lawton, Oklahoma, the average cost per square foot is $159 USD per square foot, with an average size of 9,340 square feet and a largest size available of 20,077 square feet, offering a range of options for investors and entrepreneurs.
What factors determine the value of a restaurant for sale in Lawton?
The value of a restaurant for sale in Lawton is determined by several factors, including:
- Location, with proximity to major highways like Interstate 44 and US Highway 62, as well as foot traffic in areas like downtown Lawton, playing a significant role in determining the restaurant's visibility and accessibility;
- The size and condition of the property, with an average size of 9,340 square feet and an average price per square foot of $159 USD influencing the overall value;
- The restaurant's financial performance, including its average cap rate of 7.5%, which can impact its attractiveness to potential buyers and ultimately its sale price.
