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Property profile & analytics
FOR SALE
Turn key restaurants

1221 N Grady St Altus, OK 73521

2,948 SF 0.47 ac lot Built 1960
Individually Owned 17-yr Hold ~ Est. High Equity
Property ID
US69-1531307
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Total area 2,948 SF
Lot 0.47 ac (20,517 SF)
APN 0010-00-009-005-0-001-00
UPID US69-1531307
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
Current use
Occupant on record · Public records
  • Chávez restaurante Restaurant
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
Francisco C Luna · 17 yrs held
Francisco C Luna
since 2009
3 recorded transactions
2023
Price N/A
2019
Price N/A
2009
$105,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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