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    1104 Spurgeon St Altus, OK 73521

    Sponsored
    For Sale
    $1,200,000

    Established Restaurant, Turnkey Operation, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents the acquisition of an established restaurant in Altus, Oklahoma. Located on 1104 N Spurgeon Street, just one block from Falcon Road and Main Street, this property boasts a prime location with high visibility and convenient access. The restaurant has enjoyed four years of consistent operation, cultivating a strong brand and loyal customer base, making it a well-loved local favorite. The sale includes all kitchen equipment, furnishings, and fixtures, offering a truly turnkey operation. New owners can seamlessly continue the existing successful concept or implement their own culinary vision. The property is priced at $1,200,000 and is categorized as special purpose commercial land. With the area's ongoing development, there's significant potential for growth and expansion. This presents an ideal investment for experienced restaurateurs or entrepreneurs seeking to establish themselves in the thriving Altus dining scene. The property is ready for immediate operation, offering a unique chance to acquire a profitable and well-regarded business. Serious inquiries are encouraged.

    Property Features for 1104 Spurgeon St

    General Information

    Property type
    Land

    HighLights

    • Established restaurant for sale in Altus, OK, at $1,200,000.
    • Prime location on N Spurgeon St, one block from Falcon Rd and Main St, offering high visibility and easy access.
    • Four‑year operational history with an established customer base and strong brand recognition.
    • Turnkey operation including all kitchen equipment, furnishings, and fixtures.
    • Special purpose commercial land with significant growth potential in a developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    JD's Hideaway Bar ... American Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.3307867
    Latitude
    34.6490296

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    FAQs

    What type of property is this?
    Land - Established Restaurant, Turnkey Operation, High Traffic Area
    Where is this land located?
    The property is located at 1104 Spurgeon St Altus, OK.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Established restaurant for sale in Altus, OK, at $1,200,000.; Prime location on N Spurgeon St, one block from Falcon Rd and Main St, offering high visibility and easy access.; Four-year operational history with an established customer base and strong brand recognition.
    Request Owner's contact information
    1104 Spurgeon St Altus, OK 73521
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    Altus, OK 73521
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1104 Spurgeon St Altus, OK 73521
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