1221 Grady St Altus, OK 73521
- Turn key restaurants
- 2,948 SF
- 0.47 lot acres
Current Use by Public Records
- Chávez restaurante / Restaurant
Property Details for 1221 Grady St
- Year built
- 1960
- Lot size
- 0.47 lot acres
- Property size
- 2,948 SF
- Property type
- Turn key restaurants
- APN
- 0010-00-009-005-0-001-00
- APU
- 1000009005000100
Description
This exceptional turnkey opportunity presents a thriving Mexican restaurant located at 1221 N Grady St, Altus, OK 73521. The property, situated on a 0.47-acre lot, boasts a spacious 2,948 square foot building currently generating a stable monthly rental income of $2,400. The asking price for this established business and real estate is $400,000, translating to a price per square foot of $135.69. This represents a strong investment potential for buyers seeking a proven, income-producing asset in a well-established location within Jackson County. The restaurant is currently operational, offering immediate cash flow and the potential for continued growth. The substantial lot size provides ample space for potential expansion or outdoor seating. This property is a rare find, combining the benefits of a successful, existing business with the security of owning the underlying real estate. The property's location in Altus, Oklahoma offers a strong local market and convenient access to major transportation routes. This is an ideal opportunity for investors seeking a stable, income-generating asset with significant upside potential. All interested parties are encouraged to conduct their own due diligence.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Altus
- County
- Jackson
- State
- Oklahoma
- Longitude
- -99.333
- Latitude
- 34.6513
- CBSA code
- 11060
- CBSA name
- ALTUS, OK MICROPOLITAN STATISTICAL AREA
