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Restaurant Building For Sale
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1221 N Grady St, Altus, OK 73521

Established restaurant building generating rental income.

Property Size2,948 SF
Price / SF$135.69
Days on Market1455

Property Features for 1221 N Grady St

General Information

Standard status Active
Size 2,948 SF
Property subtype Retail
Listing Agency: Cummins-Setters Commercial Partners
Listed By: Ted Warkentin · License #OK 157217
Source: Crexi
Added: Sep 7, 2022 Changed: Aug 19 Last Checked: Aug 31 at 3:26AM

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 Cummins-Setters Commercial Partners

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

Current Use

Chávez restaurante Restaurant

Suggested Use

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

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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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.
(580) 284-0044 Call to check price and availability
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