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Property profile & analytics
OFF-MARKET
Retail space

123 Broadway St Checotah, OK 74426-3805

3,000 SF 0.08 ac lot Built 1935
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US69-1361284
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Total area 3,000 SF
Lot 0.08 ac (3,500 SF)
APN 2001-00-070-007-0-000-00
UPID US69-1361284
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
  • June's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rick Cox · 9 yrs held
Rick Cox
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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