23894 S Frontage Rd Weatherford, OK 73096
- Bars
- 544 SF
- 4.95 lot acres
Current Use by Public Records
- J C Cowboy's / Steak House / Bar
Property Details for 23894 S Frontage Rd
- Year built
- 1980
- Lot size
- 4.95 lot acres
- Property size
- 544 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 0000-13-012-015-A-001-40
- APU
- 000013012015A00140
Description
This exceptional commercial property, located at 23894 S Frontage Road in Weatherford, Oklahoma, presents a prime investment opportunity. Boasting high-traffic visibility and convenient I-40 access, this expansive 16,000 square foot building sits on approximately 5 acres of land. Completely updated four years ago, the property features a new roof, hot water heaters, and HVAC systems, ensuring efficient and modern operation. A significant investment in infrastructure includes a 300,000-watt natural gas generator capable of powering the entire building. The property is fully ADA compliant and equipped with a new fire suppression system. Previously a steakhouse, the building includes a state-of-the-art commercial kitchen, a keg cooler with outdoor access to all taps, multiple dressing rooms, restrooms, and ample office space. Spacious storage areas are located throughout the building, and an upstairs VIP lounge provides a unique space for exclusive events or business functions. An outdoor patio adds to the property's versatility. The property is priced at $1,950,000 and offers a long-term triple net lease (NNN) option. Its adaptable design makes it suitable for a wide range of commercial uses, including restaurants, event venues, retail outlets, or churches. This turnkey property offers a rare combination of size, location, and modern amenities, providing ample room for growth and success.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $205,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $205,000
- Geo Method
- $200,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $195,000
- Retail
- $245,000
- Mixed-Use
- $220,000
- Hospitality
- $180,000
- Educational
- $195,000
- Residential Income
- $220,000
- Energy
- $190,000
- Income-Based Land
- $230,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Weatherford
- County
- Custer
- State
- Oklahoma
- Longitude
- -98.7298
- Latitude
- 35.5193
- CBSA code
- 48220
- CBSA name
- WEATHERFORD, OK MICROPOLITAN STATISTICAL AREA
