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    305 Broadway St Poteau, OK 74953

    For Sale
    $399,000

    Iconic Carhop Restaurant, Established 1972

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional opportunity presents the acquisition of Myers Drive-In, a beloved Poteau, OK institution since 1972. Situated on a 0.38-acre lot at 305 Broadway Street, this turn-key operation boasts a loyal customer base and consistent sales, making it a highly profitable venture. The sale includes the restaurant building, land, and all equipment, ensuring a seamless transition for the new owner. The restaurant's classic carhop service and menu of American fast food – burgers, fries, shakes, and more – create a unique and nostalgic dining experience. Its prime location in a high-traffic area guarantees consistent customer flow. The business has a proven track record of success for over five decades, offering significant potential for growth through avenues such as catering, delivery services, or menu expansion. This is a rare chance to own a well-established, profitable business with a rich history and a strong community presence. The asking price is $399,000. This legacy business is ready for a new chapter.

    Property Features for 305 Broadway St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    16,553 SF

    Building Details

    Year Built
    1972
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Myers Drive-In American Restaurant Myer's Drive-In American Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Poteau
    County
    Leflore
    State
    Oklahoma
    Longitude
    -94.62226
    Latitude
    35.05574

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic Carhop Restaurant, Established 1972
    Where is this commercial real estate located?
    The property is located at 305 Broadway St Poteau, OK.
    What is the asking price?
    The asking price for this property is $399,000.
    (918) 564-2299
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    305 Broadway St Poteau, OK 74953
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    305 Broadway St Poteau, OK 74953
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