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Turnkey Restaurant on Historic Route

4070 Southwest Blvd Tulsa, OK 74107

4070 Southwest Blvd, Tulsa, OK, 74107
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Freestanding, income-producing commercial asset on historic Route 66.

Property Size5,450 SF
Price / SF$183.49
AddedFeb 9, 2024
Days on Market886
Last RefreshMay 13 at 8:03 pm

Property Features for 4070 Southwest Blvd

General Information

Standard status
Active
Size
5,450 SF
Property subtype
Retail

Building Details

Year Built
1983

Listing office Bauer & Associates

Listing date Feb 9, 2024

Source Crexi

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 (±1% cap)
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 (±1% cap)
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

Suggested Use

Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Restaurant Skin Care Clinic Grocery & Convenience Store Accounting Firm Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

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.
Contact an agent
(918) 665-1210 Call to check price and availability
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