941 State Road 78 Hendrix, OK 74741
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.