524 Dawson St Meeker, OK 74855
- Turn key restaurants
- 300 SF
- 2.50 lot acres
Current Use by Public Records
- Ladonna's Grill / American Restaurant
Property Details for 524 Dawson St
- Year built
- 1998
- Lot size
- 2.50 lot acres
- Property size
- 300 SF
- Property type
- Turn key restaurants
- APN
- 4515-00-000-000-4-038-00
- APU
- 451500000000403800
Description
This exceptional opportunity encompasses a well-established, rustic restaurant in Meeker, Oklahoma, currently operating under a four-year lease at $5,500 per month. The sale includes the thriving business, all existing equipment, and the substantial 4,000 square foot building situated on a spacious 2.5-acre lot. The restaurant boasts attractive dГ©cor and a reputation for high-quality food, featuring ample seating capacity and significant potential for future expansion. The property offers extensive parking, with ample room for additional structures if desired. The building's layout is thoughtfully designed. Upon entry, a central lobby with a host podium welcomes guests, leading to comfortable waiting areas and restrooms. The main dining area features numerous tables, chairs, and bench seating, enhanced by strategically placed televisions. A secondary seating area presents versatility, potentially adaptable into a sports bar or other themed space. The expansive kitchen is fully equipped with ample storage, walk-in refrigerators and freezers, dedicated food preparation areas, cooking and drink stations, dishwashing facilities, and extensive equipment. Additional features include a large office and a comprehensive security system. Financial documents are available upon request. This turnkey operation presents a rare chance to acquire a profitable business, complete with building and land, in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $570,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $525,000
- Geo Method
- $580,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $675,000
- Retail
- $560,000
- Mixed-Use
- $495,000
- Hospitality
- $580,000
- Educational
- $530,000
- Residential Income
- $615,000
- Energy
- $615,000
- Income-Based Land
- $670,000
- Food Service
- $530,000
Location Insight
- Map
- Local Demand
- City
- Meeker
- County
- Lincoln
- State
- Oklahoma
- Longitude
- -96.8951
- Latitude
- 35.4966
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA