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    1221 Grady St Altus, OK 73521

    Sponsored
    For Sale
    $400,000

    Established Mexican Restaurant, Great Income!

    Property size:
    2,948 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional turnkey opportunity presents a thriving Mexican restaurant located at 1221 N Grady St, Altus, OK 73521. The property, situated on a 0.47-acre lot, boasts a spacious 2,948 square foot building currently generating a stable monthly rental income of $2,400. The asking price for this established business and real estate is $400,000, translating to a price per square foot of $135.69. This represents a strong investment potential for buyers seeking a proven, income-producing asset in a well-established location within Jackson County. The restaurant is currently operational, offering immediate cash flow and the potential for continued growth. The substantial lot size provides ample space for potential expansion or outdoor seating. This property is a rare find, combining the benefits of a successful, existing business with the security of owning the underlying real estate. The property's location in Altus, Oklahoma offers a strong local market and convenient access to major transportation routes. This is an ideal opportunity for investors seeking a stable, income-generating asset with significant upside potential. All interested parties are encouraged to conduct their own due diligence.

    Property Features for 1221 Grady St

    General Information

    Property type
    Restaurants
    Square Feet
    2,948 SF
    Lot Size
    20,473 SF

    HighLights

    • $400,000 asking price for a 2,948 square foot retail property.
    • Located at 1221 N Grady St, Altus, OK 73521, on a 0.47‑acre lot.
    • Currently operating as a Mexican restaurant generating $2,400 monthly rental income.
    • Priced at $135.69 per square foot.
    • Restaurant subtype.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chávez restaurante Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Altus
    County
    Jackson
    State
    Oklahoma
    Longitude
    -99.3329323
    Latitude
    34.6512212

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    FAQs

    What type of property is this?
    Restaurant - Established Mexican Restaurant, Great Income!
    Where is this restaurant located?
    The property is located at 1221 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: $400,000 asking price for a 2,948 square foot retail property.; Located at 1221 N Grady St, Altus, OK 73521, on a 0.47-acre lot.; Currently operating as a Mexican restaurant generating $2,400 monthly rental income.
    Request Owner's contact information
    1221 Grady 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
    1221 Grady St Altus, OK 73521
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