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Property profile & analytics
OFF-MARKET Estimated value $765,000
Office buildings

200 Broadway St Cleveland, OK 74020-4617

6,000 SF 0.22 ac lot Built 1910
Entity Owned Free & Clear
Property ID
US69-1514931
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a legendary Cleveland, OK diner, a beloved community staple for over 65 years. This well-established business boasts a rich history, renowned for its famous barbecue, burgers, and classic ice cream treats. The property includes a cozy eat-in dining area, a convenient drive-up parking canopy, an outdoor smoker for authentic barbecue preparation, and a separate storage building for equipment and supplies. Ample parking ensures guest convenience. The fully equipped kitchen features commercial refrigerators and freezers, soda fountains, ice cream machines, and a walk-up order window. Situated on a 0.29-acre lot at a prime corner location on Broadway and Pawnee Streets, with Highway 99 frontage, this property benefits from high visibility and consistent traffic flow. The 905 square foot building is offered at $350,000. This is a unique chance to own a piece of Cleveland's history and continue a legacy of exceptional food and service. The property's established reputation and prime location offer significant potential for continued success and growth. Don't miss this rare opportunity to own a thriving, turn-key business in a vibrant community.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1910
Total area 6,000 SF
Lot 0.22 ac (9,375 SF)
Zoning code C1
APN 2001-00-013-001-0-001-00
UPID US69-1514931
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$735k
Blend (final) Blend
$765k
Owner & transaction history
SPESS OIL COMPANY INC
SPESS OIL COMPANY INC
Zoning & alternative use
C1 · Cleveland, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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