Property profile

108 N Main St Spavinaw, OK 74366

FOR SALE
Commercial real estate
Property ID
US69-1354399
0.24 ac lot
Individually Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This turnkey restaurant opportunity in Spavinaw, Oklahoma presents a unique investment. Located at 108 N Main St, this 432 square foot Class B building, built and renovated in 2021, sits on a 0.17-acre lot with 75 feet of highway frontage. The property includes three city lots, each approximately 25' x 100', offering potential for expansion or additional development. The existing structure is a fully operational diner, complete with all kitchen equipment, freezers, refrigerators, and grills. A comprehensive POS system with integrated payroll and accounting software is also included. The sale includes the registered business name with the IRS. The property boasts a prime commercial location in a high-traffic area, across the street from other established businesses. Real estate taxes for 2021 were $120. Two additional auxiliary buildings provide ample storage space. The property is zoned "Open," allowing for flexibility in future uses. While the square footage is approximate, buyers should conduct their own due diligence regarding precise measurements. This is an exceptional opportunity for an owner-user seeking an established business with immediate income potential. The property's location and existing infrastructure make it an attractive investment for both experienced restaurateurs and new entrepreneurs. The sale includes the real estate and the established business.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.24 ac (10,500 SF)
APN T001-00-003-004-0-001-00
UPID US69-1354399

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

108 N Main St Spavinaw, OK 74366
Spavinaw metro Census 40700
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2013
1 recorded transaction
2013
$2,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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