Turnkey Restaurant on Historic
4070 Southwest Blvd. Tulsa, OK 74107
4070 Southwest Blvd., Tulsa, OK, 74107
Contact for pricing
For Sale
Contact for pricing
Freestanding, income-producing commercial asset on historic Route 66.
Property Size5,450 SF
Price / SF$183.49
Days on Market895
Property Features for 4070 Southwest Blvd.
General Information
- Standard status
- Active
- Size
- 5,450 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing agency
Bauer & Associates
(918) 665-1210
Listed by
Brad Baldwin · License #OK 172300
Source
Crexi
Added: Feb 9, 2024 Updated: Jul 10 at 3:41PM Checked: Jul 22 at 1:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bauer & Associates
Investment Insights
Based on property information with market context.
Located along historic Route 66 in Tulsa’s Red Fork corridor, Ollie’s Station Restaurant offers the opportunity to acquire a freestanding, income-producing commercial asset. The 5,450 square foot building is positioned on a highly visible stretch of Southwest Boulevard and features 46 on-site parking spaces. Zoned IL (Industrial Light), the property allows for a variety of commercial and light industrial uses, making it suited for investors seeking continued restaurant operation, rebranding, or repositioning. The sale includes existing restaurant equipment. The property’s combination of Route 66 exposure, historical significance, and zoning flexibility creates multiple exit strategies for both owner-users and investors. Red Fork played a pivotal role in the early development of Route 66, serving as a key western gateway into Tulsa. Today, the corridor continues to benefit from heritage tourism, local patronage, and revitalization interest, positioning this property for both near-term cash flow and long-term appreciation driven by experiential retail and destination dining trends.
Key Highlights
- Turnkey restaurant with existing equipment included, offering immediate income potential.
- Located on historic Route 66 in Tulsa's Red Fork corridor.
- Zoned IL (Industrial Light), providing flexibility for various commercial and light industrial uses.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.0k | $15.60 |
| − Vacancy | −$3.0k | −$0.55 |
| EGI | $82.0k | $15.05 |
| − OpEx | −$20.5k | −$3.76 |
| NOI | $61.5k | $11.29 |
5,450 SF · lease $15.60/SF/yr · vacancy 3.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$879.0K
$769.2K – $1.03M
NOI $61,533 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,368 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ollie's Station
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Freestanding, income-producing commercial asset on historic Route 66.
Where is this conventional restaurant located?
The property is located at 4070 Southwest Blvd. Tulsa, OK.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Turnkey restaurant with existing equipment included, offering immediate income potential.; Located on historic Route 66 in Tulsa's Red Fork corridor.; Zoned IL (Industrial Light), providing flexibility for various commercial and light industrial uses.
