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Route 66 BBQ Restaurant Opportunity
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3524 Southwest Blvd, Tulsa, OK 74107

Established Tulsa BBQ restaurant with Route 66 exposure for sale.

Property Size3,500 SF
Lot Size0.45 Acres
Price / SF$485.71
Days on Market204

Property Features for 3524 Southwest Blvd

General Information

Standard status Active
Size 3,500 SF
Class B
Lot size 0.45 Acres
Property subtype Business for Sale
Zoning C
Investment Type Owner/User

Building Details

Year Renovated 2025
Buildings 3
Stories 1
Listing Agency: Cambridge Commercial Properties
Listed By: Ed Martin · License #OK 131601
Source: Crexi
Added: Mar 9 Changed: Sep 6 Last Checked: Sep 28 at 5:40AM

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 Cambridge Commercial Properties

Investment Insights

Based on property information with market context.

Billy Ray's Catfish & BBQ, a Tulsa barbecue restaurant, is available for purchase. Founded in 1984, this family-operated establishment has been serving the Tulsa market for over 40 years. Known as a long-standing Route 66 restaurant, it attracts both local residents and travelers. The restaurant's historic neon sign was restored through a Tulsa 66 preservation grant. The restaurant has a strong customer base with repeated patronage from local residents and industrial workers. The core menu features smoked ribs, brisket, pulled pork, hot links/sausage, smoked turkey, and fried catfish and shrimp, along with a house BBQ sauce derived from a family recipe. The restaurant is a well-known award-winning local BBQ and catfish destination in Tulsa, serving both local regular customers and Route 66 travelers and tourists. The business employs approximately 12 to 14 employees. The restaurant offers dine-in service, a drive-through, take-out orders, and delivery options through Grubhub, DoorDash, and Uber Eats. The menu features traditional smoked BBQ production with all sides, including desserts and Billy Ray's famous BBQ sauce. Typical business hours are from 11:00 AM to 10:00 PM, Tuesday through Saturday. The main restaurant building is 3,500 square feet, including a walk-in cooler freezer. There is also a detached 2-car garage for company vehicle storage, measuring 20'x20' or 400 square feet, and a covered dry enclosed woodshed measuring 20'x20' or 200 square feet. The land size is .45 acres or 19,753 square feet. Additional passive income is generated through licensing income from a Broken Arrow, Oklahoma location and a billboard lease hold agreement with Lamar.

Key Highlights

  • Established, Profitable Business: Over 40 years of operation with an estimated $200,000 NOI.
  • Prime Route 66 Location: High visibility and traffic from both local customers and tourists.
  • Loyal Customer Base: Strong local following and repeat business.

Property Analytics

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Current Use

Billy Ray's Catfish ... Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Pharmacy Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

201
Businesses Nearby
19k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Apparel 96% Shops & Services 4%
Goodwill Apparel
18,029 visits/mo 0.5 miles
SecurCare Self Storage Shops & Services
810 visits/mo 0.2 miles

Demographics for 74107, OK

19,453
Population
8,566
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
86%
High-School Grad
25.4 sq mi
ZIP Area
766
Density / Sq Mi
$53,098
Median Household Income
$36,274
Median Earnings
$938
Median Rent
$124,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Tulsa, OK

7.2% 2019
7.6% 2020
6.6% 2021
5.6% 2022
5.2% 2023
5.6% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Established Tulsa BBQ restaurant with Route 66 exposure for sale.
Where is this conventional restaurant located?
The property is located at 3524 Southwest Blvd Tulsa, OK.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Established, Profitable Business: Over 40 years of operation with an estimated $200,000 NOI.; Prime Route 66 Location: High visibility and traffic from both local customers and tourists.; Loyal Customer Base: Strong local following and repeat business.
More about this property
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