109980 Hwy 150 Checotah, OK 74426-5592
This exceptional mixed-use property in Checotah, Oklahoma, presents a lucrative investment opportunity. Located on Highway 150, near Lake Eufaula State Park and I-40, this property boasts a fully equipped convenience store ready for immediate operation. The store includes a kitchen with various appliances such as ice machines, a snow cone machine, a pizza oven, a soda fountain, and a deli meat slicer, ensuring diverse revenue streams. A two-bedroom apartment, complete with new flooring and a vanity, provides additional income potential or owner occupancy. The property has recently undergone significant improvements, including a new roof, updated electrical system, and enhanced lighting, minimizing future maintenance costs. Adding to the income potential is a 28-unit storage building featuring operational doors and concrete floors, providing a stable and reliable income stream. A substantial 30x60 shop offers ample space for expansion, allowing for the addition of new businesses or the expansion of existing ones. The property sits on a 1.53-acre lot, providing ample space for parking and future development. With a total square footage of 2,240, this property offers a unique blend of commercial and residential uses, making it an ideal investment for entrepreneurs seeking a turnkey operation with significant upside. The asking price is $299,000.
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.