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    105 N Main St Spavinaw, OK 74366

    For Sale
    $499,500

    Commercial - Spavinaw, OK

    Property size:
    3,360 SF
    Lot size:
    0.16 Acres
    Days on Market:
    107
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 105 N Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    T001-00-004-027-0-001-00
    Parking
    1
    Size
    3,360 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    1
    Building materials
    Brick, Frame
    Roof type
    Composition, Metal
    Architectural style
    Other

    Solid Rock, Realtors (918) 637-3415 [email protected]

    Listing agent Dana Lyn Shrum (918) 256-7625

    Listing date Aug 22, 2025

    MLS# 25-1240 Listing URL

    Copyright © 2025 Northeast Oklahoma Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant and Gallery Investment Opportunity

    This listing features a restaurant with a franchise option and a gallery, situated at the base of Spavinaw Hills and Spavinaw Lake. The property is located on Main Street in Spavinaw, OK, an area known for recreation. Spavinaw Creek State Park and Spavinaw Lake are both within a mile radius. The location draws people from Northeast Oklahoma and Northwest Arkansas, being within an hour of Tulsa or Bentonville, and is also 10 minutes from South Grand Lake and 15 minutes from Lake Hudson. The main building, spanning 3360 square feet, is set up as a restaurant, featuring a dining hall, prep/kitchen area, walk-in cooler, storage spaces, a wash room, two customer restrooms, and an office space. The exterior includes space for outdoor cooking and dining. The second building, measuring 1240 square feet, is currently used as a gallery but could also function as a gift shop, coffee shop, donut shop, or bait and tackle shop. The property also has a mobile home for storage. Traffic reports indicate over 1500 cars pass through the town daily. The lot size is 0.16 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Building Supply Storage Facility Garden Center Smoke and Vape Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spavinaw
    County
    Mayes
    State
    Oklahoma
    Longitude
    -95.047046
    Latitude
    36.390242

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and gallery near Spavinaw Lake, a destination location.
    Where is this restaurant located?
    The property is located at 105 N Main St Spavinaw, OK.
    What is the asking price?
    The asking price for this property is $499,500.
    What are key features of this property?
    This property features: - Two businesses for the price of one: a restaurant (with franchise option) and a gallery, offering diverse income streams.; - Prime location near Spavinaw Lake, Spavinaw Creek State Park, South Grand Lake, and Lake Hudson, attracting tourists and locals.; - High traffic location on Main Street with over 1500 cars passing daily, ensuring visibility and customer flow.
    (918) 256-7625
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    105 N Main St Spavinaw, OK 74366
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    Spavinaw, OK 74366
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 N Main St Spavinaw, OK 74366
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