1981 Cimmaron Rd Wilson, OK 73463-7258
- Turn key restaurants
- 2,760 SF
- 1.78 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 1981 Cimmaron Rd
- Year built
- 1985
- Lot size
- 1.78 lot acres
- Property size
- 2,760 SF
- Property type
- Turn key restaurants
- APN
- 0000-31-04S-02W-1-001-00
- APU
- 00003104S02W100100
Description
This exceptional 2,760 square foot commercial property, situated on approximately 1.26 acres of land, presents a remarkable opportunity for entrepreneurs and investors alike. Ideally located off US-70 West just outside Wilson, Oklahoma, this C1 zoned building boasts high visibility and easy accessibility, ensuring maximum exposure for your business. Previously utilized as a restaurant, the property has undergone extensive recent renovations. These upgrades include a complete remodel of the bathrooms, featuring new fixtures, toilets, and plumbing. The concrete has been updated, and the interior boasts fresh paint and drywall. Electrical systems have been modernized, and a new aerobic system, hot water tank, roof, and gutters have been installed. Three HVAC units have also been recently serviced. The building further benefits from a large covered patio extending across two sides. The property's versatility allows for a wide range of commercial uses, from private office spaces and retail centers to other commercial ventures, subject to zoning and legal approvals. City water utilities are readily available. This property is being offered for sale, and the seller is open to negotiations and owner financing. There is also the possibility of a lease-to-own agreement. Furthermore, this property is available in conjunction with a separately listed RV park located next door, presenting a unique opportunity for additional income streams. This prime location offers an unparalleled chance to establish or expand your business in a high-traffic area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $140,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $110,000
- 6.5%
- $110,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $115,000
- Geo Method
- $100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $130,000
- Retail
- $125,000
- Mixed-Use
- $135,000
- Hospitality
- $115,000
- Educational
- $110,000
- Residential Income
- $120,000
- Energy
- $110,000
- Income-Based Land
- $120,000
- Food Service
- $140,000
Location Insight
- Map
- Local Demand
- City
- Wilson
- County
- Carter
- State
- Oklahoma
- Longitude
- -97.4399
- Latitude
- 34.1722
- CBSA code
- 11620
- CBSA name
- ARDMORE, OK MICROPOLITAN STATISTICAL AREA