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Property profile & analytics
FOR SALE
Commercial real estate

108 N Main St Spavinaw, OK 74366

0.24 ac lot
Individually Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US69-1354399
Property summary
AI-generated overview

This turnkey restaurant opportunity in Spavinaw, Oklahoma presents a unique investment. Located at 108 N Main St, this 432 square foot Class B building, built and renovated in 2021, sits on a 0.17-acre lot with 75 feet of highway frontage. The property includes three city lots, each approximately 25' x 100', offering potential for expansion or additional development. The existing structure is a fully operational diner, complete with all kitchen equipment, freezers, refrigerators, and grills. A comprehensive POS system with integrated payroll and accounting software is also included. The sale includes the registered business name with the IRS. The property boasts a prime commercial location in a high-traffic area, across the street from other established businesses. Real estate taxes for 2021 were $120. Two additional auxiliary buildings provide ample storage space. The property is zoned "Open," allowing for flexibility in future uses. While the square footage is approximate, buyers should conduct their own due diligence regarding precise measurements. This is an exceptional opportunity for an owner-user seeking an established business with immediate income potential. The property's location and existing infrastructure make it an attractive investment for both experienced restaurateurs and new entrepreneurs. The sale includes the real estate and the established business.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.24 ac (10,500 SF)
APN T001-00-003-004-0-001-00
UPID US69-1354399
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jim D Winn · 12 yrs held
Jim D Winn
since 2013
1 recorded transaction
2013
$2,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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