Listing Agency: Cummins-Setters Commercial Partners

Listed By: Ted Warkentin · License #OK 157217 Show Phone

Source: Crexi

Added: Sep 7, 2022 Changed: Oct 6 Last Checked: Oct 16 at 9:09AM

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Investment Insights

Based on property information with market context.

The property, currently operating as Chavez Mexican Restaurant, is available for sale. The building is generating rental income of $2,400 per month. The property size is 2,948 square feet.

Key Highlights

• Established Mexican Restaurant (Chavez) included in sale.
• Generating $2,400 per month in rental income.
• Building and land included in sale.

Property Analytics

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Current Use

Chávez restaurante Restaurant

Suggested Use

Top Pick Dental Office Storage Facility Garden Center HVAC Service Big Box & Wholesale Store Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

412

Businesses Nearby

112k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 47% Shops & Services 25% Home Improvements & Furnishings 16% Electronics 7%

Altus Ace Hardware Home Improvements & Furnishings

16,058 visits/mo 0.2 miles

SONIC Drive In Dining

14,350 visits/mo 0.2 miles

Taco Bell Dining

11,448 visits/mo 0.4 miles

Hobby Lobby Shops & Services

10,747 visits/mo 0.4 miles

Valero Energy Shops & Services

8,943 visits/mo 0.4 miles

Demographics for 73521, OK

20,209

Population

9,975

Households

2

Avg Household Size

35

Median Age

25%

College-Educated

86%

High-School Grad

185.8 sq mi

ZIP Area

109

Density / Sq Mi

$59,857

Median Household Income

$38,065

Median Earnings

$896

Median Rent

$150,900

Median Home Value

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

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$3,500,000

1,920 SF

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Remodeled Commercial Building in Altus

1904 E Broadway St, Altus, OK 73521

$319,000

0.92 Acres

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44-Unit Self Storage Facility

121 Mitchell Street, Altus, OK 73521

$550,000

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Flexible Office Unit

822 E Broadway Street, Altus, OK 73521

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Established restaurant building generating rental income.

Where is this conventional restaurant located?

The property is located at 1221 N Grady St Altus, OK.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Established Mexican Restaurant (Chavez) included in sale.; Generating $2,400 per month in rental income.; Building and land included in sale.