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    Commercial Property in Thriving Jones Title is generated by Realmo AI

    9409 N Hiwassee Road, Jones, OK 73049

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    Claim this Listing
    For Sale
    $240,000

    1744 sqft commercial property suitable for various business opportunities.

    Property size:
    1,744 SF
    Price / SF:
    $137/SF
    Added:
    Aug 13, 2024
    Days on Market:
    681
    Last Refresh:
    May 12 at 8:58 pm

    Property Features for 9409 N Hiwassee Road

    General Information

    Standard status
    Active
    Size
    1,744 SF
    Property subtype
    Other

    Building Details

    Year Built
    1945

    We can help!

    Contact an agent
    Angelia Youngs

    Listing office Nilsen Premier Realty

    Listing date Aug 13, 2024

    Source Xome

    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 Nilsen Premier Realty

    HighLights

    • Great location in the thriving town of Jones, just off Main St.
    • 1744 sqft commercial property suitable for various business opportunities.
    • Previously a successful bar/tavern.
    • Situated among several thriving businesses.
    • Heating system installed.
    • Gravel parking available.

    Overview

    This 1744 sqft commercial property is located in a favorable area and presents several business opportunities. The property, formerly a successful small-town bar/tavern, is positioned among multiple thriving businesses, making it suitable for any business builder. Situated just off Main St in the active town of Jones, this property is ideal for owning your own business.

    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 $26.2k $15.00
    − Vacancy −$1.7k −$0.98
    EGI $24.5k $14.03
    − OpEx −$6.1k −$3.51
    NOI $18.3k $10.52
    1,744 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $262.1K
    $229.3K – $305.8K (±1% cap)
    NOI $18,345 @ 7.0% cap · market cap 7.64%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $363.2K
    $317.8K – $423.8K (±1% cap)
    NOI $25,427 @ 7.0% cap · market cap 10.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Well House Bar & Pub Tailgaters Bar Bar & Pub

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • The Well House — 9409 N Hiwassee Rd, Jones, OK 73049
    • Tailgaters Bar — 9409 N Hiwassee Rd, Jones, OK 73049

    Location Insight

    • Map
    • Local Demand
    City
    Jones
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.3007534
    Latitude
    35.5662429

    FAQs

    What type of property is this?
    Bar & Pub - 1744 sqft commercial property suitable for various business opportunities.
    Where is this bar & pub located?
    The property is located at 9409 N Hiwassee Road Jones, OK.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: Great location in the thriving town of Jones, just off Main St.; 1744 sqft commercial property suitable for various business opportunities.; Previously a successful bar/tavern.
    (405) 882-9336
    We can help!
    Contact an agent
    Angelia Youngs
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