229 Heritage Street, Ardmore, OK 73443
Remodeled restaurant with high traffic, ready for immediate operation.
- Added:
- Nov 14, 2023
- Days on Market:
- 943
- Last Refresh:
- May 13 at 8:21 pm
Property Features for 229 Heritage Street
General Information
- Standard status
- Active
- Size
- 3,859 SF
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing agent Michael Faulkner License #135917
Listing office Turner Land Company
Listing date Nov 14, 2023
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 Turner Land Company
HighLights
- High‑traffic location on Highway 70 with 13,000 average daily traffic count, near I‑35 and Ardmore, OK.
- Fully equipped commercial restaurant (3800 sq ft) with a complete kitchen including warming ovens, fryers, large griddle, and walk‑in cooler/freezer.
- Recently remodeled with a versatile design suitable for various restaurant types (diner, sandwich shop, ice cream, fast food).
- Includes TOAST POS system with waitstaff tablets and kitchen displays for efficient order management.
- Features a dining room with seating for large groups, including 6‑top and 8‑top tables, a corner bench area, and a high‑top bar.
- Drive‑through service with a dedicated menu board and drink/prep area.
Overview
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 | $69.5k | $18.00 |
| − Vacancy | −$5.8k | −$1.49 |
| EGI | $63.7k | $16.51 |
| − OpEx | −$15.9k | −$4.13 |
| NOI | $47.8k | $12.38 |
Alternative Uses
Current Use by Public Records
Map
- City
- Ardmore
- County
- Carter
- State
- Oklahoma
- Longitude
- -97.2838
- Latitude
- 34.1623