Oklahoma City Restaurant Investment
2916 Southwest 59th Street Oklahoma City, OK 73119
For Sale
$920,000
Restaurant for sale with lease in place until 2029.
Property Size3,266 SF
Price / SF$281.69
Days on Market123
Property Features for 2916 Southwest 59th Street
General Information
- Standard status
- Active
- Size
- 3,266 SF
- Property subtype
- Retail
Listing Agency:
CBRE Dallas
(405) 607-6361
Listed By:
Logan Sadler · License #OK208633
(405) 607-6361
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 25 at 2:17AM
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 CBRE Dallas
Investment Insights
Based on property information with market context.
This renovated restaurant property, located on SW 59th St and S May Ave, offers approximately 3,266 square feet of space. The property features a full bar and outdoor seating. A pylon sign and ample parking are available. The current lease extends to 2029, with 5-year renewal options. The location provides close proximity to I-44 and I-240, potentially attracting new customers and fostering business growth. This property is positioned as an investment opportunity in Oklahoma City.
Key Highlights
- Cap Rate: 7.8%
- Renovated
- 5‑Year Lease (with 5‑year renewal options) expiring in 2029
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 | $109.7k | $33.60 |
| − Vacancy | −$5.5k | −$1.68 |
| EGI | $104.3k | $31.92 |
| − OpEx | −$26.1k | −$7.98 |
| NOI | $78.2k | $23.94 |
3,266 SF · lease $33.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.12M
$977.4K – $1.30M
NOI $78,188 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Las Palmas
Restaurant
SouthWest 59th Avenue
Freight Service
Similar Off Market Nearby
- S&S treats — 2846 SW 61st St, Oklahoma City, OK 73159
- Kakita vad ave — 5925 S May Ave, Oklahoma City, OK 73119
FAQs
What type of property is this?
Bar & Pub - Restaurant for sale with lease in place until 2029.
Where is this bar & pub located?
The property is located at 2916 Southwest 59th Street Oklahoma City, OK.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Cap Rate: 7.8%; Renovated; 5‑Year Lease (with 5‑year renewal options) expiring in 2029
