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Property profile & analytics
OFF-MARKET
Turn key restaurants

225 3rd St Mcalester, OK 74501-5443

2,000 SF 0.05 ac lot Built 1935
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US69-0813165
Property summary
AI-generated overview

This exceptional 2,000 square foot commercial property, located at 225 S 3rd Unit 225 in McAlester, OK, presents a unique opportunity for culinary entrepreneurs. Situated on a 0.05-acre lot, this established bakery and restaurant is fully operational and ready for immediate occupancy. The inviting interior features a well-designed dining area, a highly efficient kitchen, and ample space for enticing product displays. The current setup is ideal for continuing the existing business model, offering a seamless transition for a new owner. Alternatively, the space provides a blank canvas for a chef or restaurateur to implement their own culinary vision, whether it's expanding an existing concept or launching a new venture. The property benefits from a central location within McAlester, attracting consistent foot traffic and a loyal local customer base. This turnkey operation offers a rare chance to own a thriving business in a community that values locally-owned establishments and appreciates high-quality food and service. The asking price for this exceptional property is $350,000. Don't miss this chance to own a piece of McAlester's culinary heart.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1935
Total area 2,000 SF
Lot 0.05 ac (2,235 SF)
APN 0100-00-428-007-0-007-01
UPID US69-0813165
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Heavenly Delights Restaurant
  • April's Tax Service Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Connie Parker · 21 yrs held
Connie Parker
since 2005
3 recorded transactions
2023
Price N/A
2018
Price N/A
2005
$22,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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