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Corner Restaurant with Built-Out Kitchen
For Sale
$199,000

601 E Highland St, Shawnee, OK 74801

C-2 zoning supports restaurant use by right, with a commercial kitchen already in place.

Property Size2,000 SF
Lot Size0.24 Acres
Price / SF$99.50
Days on Market18

Property Features for 601 E Highland St

General Information

Standard status Active
Size 2,000 SF
Total Parking Spaces 30
Lot size 0.24 Acres
Zoning C-2

Property Condition

Severity Repairs Needed
Evidence The work is in the refresh, not the build.

Financials

Asking Price $199,000
Opportunity Zone Yes

Restaurant

Commercial Hood Yes
Equipment Included Yes

Additional Details

Highway Access Yes

Building Details

Year Built 1966
Buildings 1
Parking Ratio 15 per 1,000 SF
Listing Agency: NextHome Central Real Estate
Listed By: Steve Reese · License #120631
Source: Sarahflemingestates
Added: Aug 25 Changed: Sep 8 Last Checked: Sep 9 at 8:50PM

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 NextHome Central Real Estate

Investment Insights

Based on property information with market context.

This 2,000 SF conventional restaurant occupies a corner building on a 10,539 SF lot. The existing food-service improvements include a hood system, wok range, char broiler, prep sinks, walk-in refrigerator, and walk-in freezer. The roof was replaced in 2022, and the property dates to 1966.

C-2 Regional Commercial zoning permits restaurant use by right. The site includes 30 on-site parking spaces and sits at the intersection of East Highland Street and North Pennsylvania Avenue. Direct I-40 access is available via Harrison Avenue, with Oklahoma Baptist University and downtown Shawnee located within the same commercial corridor. The property is also designated as an Opportunity Zone.

Key Highlights

  • 2,000 SF restaurant building on a 10,539 SF corner lot
  • Commercial kitchen includes hood system, wok range, char broiler, prep sinks, and walk‑ins
  • 30 on‑site parking spaces

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Bakery (Bike/Boat/Book/etc) Store Catering Service Butcher Pet Grooming Service

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

Lease Details

Yes
Highway access
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

667
Businesses Nearby
Under-served
Demand for This Use

Demographics for 74801, OK

22,000
Population
9,749
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
88%
High-School Grad
74.1 sq mi
ZIP Area
297
Density / Sq Mi
$53,265
Median Household Income
$33,746
Median Earnings
$868
Median Rent
$122,900
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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - C-2 zoning supports restaurant use by right, with a commercial kitchen already in place.
Where is this conventional restaurant located?
The property is located at 601 E Highland St Shawnee, OK.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 2,000 SF restaurant building on a 10,539 SF corner lot; Commercial kitchen includes hood system, wok range, char broiler, prep sinks, and walk‑ins; 30 on‑site parking spaces
More about this property
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