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Property profile & analytics
OFF-MARKET
Commercial real estate

941 State Road 78 Hendrix, OK 74741

3,749 SF 3.7 ac lot Built 1985
Property ID
Property summary
AI-generated overview

This exceptional 3,749 square foot commercial property, situated on approximately 3.7 acres in Hendrix, Oklahoma, presents a remarkable investment opportunity. Previously a nightclub, the building offers substantial potential for redevelopment and repurposing. Its strategic location just north of the Red River, approximately 10 miles north of Bonham, Texas, and 25 miles south of Durant, Oklahoma, ensures high visibility and accessibility to a diverse customer base, catering to both locals and travelers. While the building requires renovation, its solid structure provides a strong foundation for a variety of commercial ventures. The expansive acreage offers significant flexibility, allowing for potential expansion of the existing building or development into a recreational property, given its proximity to the Red River. The property's location provides easy access to major transportation routes. The total acreage, as per the tax assessor's records, includes all right-of-way easements with the Oklahoma Department of Transportation (ODOT). This presents a unique chance to acquire a substantial property with significant upside potential in a desirable location. The property is priced at $195,000 and is ready for an investor with vision to transform it into a thriving business. Don't miss this chance to capitalize on the many opportunities this property offers.

Property profile
Verified
Property type Commercial real estate
Year built 1985
Total area 3,749 SF
Lot 3.7 ac (161,172 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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