123 Broadway St Checotah, OK 74426-3805
This exceptional opportunity presents the chance to acquire a thriving restaurant steeped in history, located at 123 S Broadway Street in the charming town of Checotah, Oklahoma. This beautifully restored 1901 building, boasting 4,200 square feet on a 0.08-acre lot, has served the community for over 57 years, establishing a loyal customer base. Its strategic location captures significant traffic from Lake Eufaula, as well as I-40 and Highway 69 travelers, ensuring consistent customer flow. The restaurant features a spacious dining area with additional second-level seating perfect for overflow or private events. The commercial kitchen is equipped with updated and well-maintained equipment, ready for immediate operation. Ample street parking is available for patrons in the downtown area, close to antique and boutique shops, adding to the convenience and appeal. The property is conveniently located just 20 minutes from Muskogee, offering easy access to a larger population base. The opportunity to acquire the established restaurant's proprietary recipes and name, known as "June's," is available for an additional purchase price, providing a seamless transition and immediate brand recognition. This is a rare chance to own a piece of Checotah's rich history and a profitable, established business. The asking price for this turnkey operation is $550,000.
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June's Restaurant
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.