Two-Unit Retail and Restaurant
For Sale
Contact for pricing
2426 Hawkin, Choctaw, OK 73020
Two separate units off NE 23rd offer a turnkey kitchen space and an open-concept space, with convenient front parking.
Property Size8,000 SF
Price / SF$0.25
Days on Market98
Property Features for 2426 Hawkin
General Information
Standard status
Active
Size
8,000 SF
Listing Agency:
Pioneer Realty
(405) 509-6795
Listed By:
Clinton Lawson · License #173415
(405) 923-3018
Source:
Exprealty
Added: Jul 17
Changed: Oct 14
Last Checked: Oct 21 at 12:42AM
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 Pioneer Realty
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Investment Insights
Based on property information with market context.
This property offers two separate commercial spaces, each with a private, dedicated restroom. Unit A is turnkey kitchen/restaurant ready and includes a fully equipped commercial hood vent, with a layout suited for food preparation concepts. Unit B provides a completely open-concept floor plan designed for a tenant’s custom build-out.
The building is located at 2426 Hawkin Street in Choctaw, just off NE 23rd Street on Hawkins Street. Convenient parking is available directly in front of the building.
Two spaces on the property are already occupied, supporting established day-to-day activity at the location. Rent is listed at $2,000 per month per unit, with flexible options available for qualified tenants.
The building is located at 2426 Hawkin Street in Choctaw, just off NE 23rd Street on Hawkins Street. Convenient parking is available directly in front of the building.
Two spaces on the property are already occupied, supporting established day-to-day activity at the location. Rent is listed at $2,000 per month per unit, with flexible options available for qualified tenants.
Key Highlights
- Commercial property at 2426 Hawkins Street, Choctaw, just off NE 23rd St.
- Two separate 2,000 SF spaces available, each listed at $2,000/month per unit.
- Unit A is restaurant/ghost kitchen ready with a fully equipped commercial hood vent and private dedicated restroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,150
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,000
$1.7M
Cap Rate 7%
$1,202,143
$1.2M
Cap Rate 9%
$935,000
$935.0K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$120.0K $15.00/SF
− Vacancy
−$7.8K −$0.98/SF
EGI
$112.2K $14.03/SF
− OpEx
−$28.1K −$3.51/SF
NOI
$84.2K $10.52/SF
Area
Oklahoma County, OK
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,000
Cap Rate 7%
$1,202,143
Cap Rate 9%
$935,000
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,441 @ 7.0% cap · market cap 4,222.05%
Second Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,150 @ 7.0% cap · market cap 4,207.50%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,638 @ 7.0% cap · market cap 5,831.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
250k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Superstores 31%
Shops & Services 12%
Home Improvements & Furnishings 4%
Walmart
Superstores
76,840 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
27,496 visits/mo
0.4 miles
McDonald's
Dining
21,313 visits/mo
0.3 miles
Starbucks
Dining
16,556 visits/mo
0.3 miles
Taco Bell
Dining
14,724 visits/mo
0.2 miles
Demographics for 73020, OK
24,627
Population
9,857
Households
2.5
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
61.6 sq mi
ZIP Area
400
Density / Sq Mi
$99,108
Median Household Income
$54,688
Median Earnings
$1,363
Median Rent
$248,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- China King Buffet — 14371 NE 23rd St, Choctaw, OK 73020
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two separate units off NE 23rd offer a turnkey kitchen space and an open-concept space, with convenient front parking.
Where is this conventional restaurant located?
The property is located at 2426 Hawkin Choctaw, OK.
What are key features of this property?
This property features: Commercial property at 2426 Hawkins Street, Choctaw, just off NE 23rd St.; Two separate 2,000 SF spaces available, each listed at $2,000/month per unit.; Unit A is restaurant/ghost kitchen ready with a fully equipped commercial hood vent and private dedicated restroom.
