108 N Main St Spavinaw, OK 74366
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.