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    116 7Th St Newkirk, OK 74647

    Sponsored
    For Sale
    $125,000

    Historic Restaurant, Turnkey Opportunity

    Property size:
    2,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This charming, two-story restaurant building at 116 W 7th St, Newkirk, OK 74647, presents a unique investment opportunity. Built in 1899 and situated in the heart of Newkirk's CBD, this 2,318 square foot property is currently vacant and priced at $125,000 ($53.93/sq ft). The main floor boasts a fully equipped, remodeled kitchen with updated appliances and fixtures, a spacious dining area, and a dedicated storage area with a convenient delivery door. Updated, handicap-accessible restrooms enhance the building's appeal. The second floor offers significant additional space for expansion or creative repurposing. This turnkey restaurant space is perfect for aspiring restaurateurs seeking a move-in ready establishment in a vibrant downtown location. The property's rich history and prime location combine to create an exceptional opportunity for a successful culinary venture. All permitted zoning is compliant with CBD regulations. Don't miss this chance to own a piece of Newkirk's history and establish your own thriving business.

    Property Features for 116 7Th St

    General Information

    Property type
    Restaurants
    Square Feet
    2,318 SF

    Building Details

    Year Built
    1899
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Henson Lumber Home Goods Store Capone's Hoagies - Newkirk Hoagie Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newkirk
    County
    Kay
    State
    Oklahoma
    Longitude
    -97.054603962364
    Latitude
    36.882400757548

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    FAQs

    What type of property is this?
    Restaurant - Historic Restaurant, Turnkey Opportunity
    Where is this restaurant located?
    The property is located at 116 7Th St Newkirk, OK.
    What is the asking price?
    The asking price for this property is $125,000.
    Request Owner's contact information
    116 7Th St Newkirk, OK 74647
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    Newkirk, OK 74647
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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
    116 7Th St Newkirk, OK 74647
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