107348 Lotawatah Rd, Checotah, OK 74426
This 3,475 square foot former convenience store and gas station is situated on a one-acre lot at 107348 Lotawatah Road in Checotah, Oklahoma, directly off I-40 at exit 262. Built in 1981, the single-story building offers high visibility and easy access for customers. Its prime location near Lake Eufaula, a popular tourist destination, presents a unique opportunity for a variety of retail or restaurant uses. The property is zoned C-1 and boasts significant traffic volume due to its proximity to the interstate and the lake. The property is available in as-is condition, with rent abatement or tenant improvement allowances potentially available. The lease terms stipulate that the tenant is responsible for rent, all utilities, and maintenance (excluding roof repairs). This presents a compelling investment opportunity for entrepreneurs seeking to capitalize on the consistent tourism in the area. The McIntosh County property (APN 460007010) offers a chance to establish a thriving business in a high-traffic location. The entire building is currently vacant.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.