68315 320th Rd Wagoner, OK 74467-6343
- Grocery and convenience stores
- 2,177 SF
- 1.00 lot acres
Current Use by Public Records
- Pennington's / Restaurant / Convenience Store
- LibertyX Bitcoin ATM / Atm
- Rocky Point Trading Post / Grocery Store
- Pennington's General Store / Gas Station / Deli
- Simple Simon's Pizza / Pizza Takeout
Property Details for 68315 320th Rd
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 1.00 lot acres
- Property size
- 2,177 SF
- Property type
- Grocery and convenience stores
- APN
- 291191-000002-000000
- APU
- 291191000002000000
Description
This exceptional 2,177 square foot commercial property, situated on one acre in Wagoner, Oklahoma's thriving Ft. Gibson Lake community, presents a unique investment opportunity. Ideally located next to Rocky Point Park, offering camping, swimming, and boat ramps, this established business boasts a prime corner location with high visibility. Previously operating as Pennington's Country Store, the property includes existing equipment for preparing pizza, hamburgers, and other food items, catering to both local residents and lake visitors. Recent improvements within the past four years include updated gas pumps with card readers, new air conditioning and refrigeration units, and fresh paint, ensuring the property is well-maintained and ready for immediate operation. Further enhancing its income potential, the property features gated boat/RV storage and two dedicated RV spots, providing additional revenue streams. The business's strong foundation within a vibrant lake community offers significant potential for growth and expansion. Consider adding supplemental income generators such as kayak, paddle boat, or golf cart rentals, or even constructing additional storage units to further capitalize on the high demand. This turnkey business is perfect for a family operation or an ambitious entrepreneur seeking a profitable venture in a desirable location. Schedule a viewing today to explore the possibilities of this remarkable opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $150,000
- 6.5%
- $130,000
- 7%
- $140,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $120,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $140,000
- Retail
- $120,000
- Mixed-Use
- $125,000
- Hospitality
- $150,000
- Educational
- $145,000
- Residential Income
- $140,000
- Energy
- $140,000
- Income-Based Land
- $110,000
- Food Service
- $135,000
Location Insight
- Map
- Local Demand
- City
- Wagoner
- County
- Wagoner
- State
- Oklahoma
- Longitude
- -95.3151
- Latitude
- 36.0277
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA
