704 Conner Ave Fairland, OK 74343-4026

Property Details for 704 Conner Ave

Year built

1980

Property size

3,159 SF

Property type

Turn key restaurants

APN

3020-00-035-001-0-000-00

APU

302000035001000000

Description

This exceptional Class A restaurant, located at 704 W Conner Ave, Fairland, OK 74343, presents a unique investment opportunity. Boasting 3,159 square feet of space and currently operating at 100% occupancy, this established bar and restaurant generates a substantial net operating income (NOI) of $31,000 annually, representing a 6.20% cap rate. The asking price is $500,000, translating to $158.28 per square foot. The property is categorized as a mixed-use, retail, and hospitality business for sale, offering a turnkey operation with a proven track record of success. The business enjoys a strong reputation, evidenced by its high customer loyalty and positive online reviews. Seller financing options are available, making this an attractive proposition for both experienced restaurateurs and first-time entrepreneurs. The current owner is retiring, presenting a rare chance to acquire a thriving business with immediate income potential. This high-traffic location offers ample parking, ensuring convenient access for patrons. The menu features a diverse selection of dishes, catering to a wide range of tastes. This is a truly exceptional opportunity to own a profitable and well-established restaurant in a prime location. The lease is expiring, offering a clean slate for the new owner.

Location Insight

City

Fairland

County

Ottawa

State

Oklahoma

Longitude

-94.8563

Latitude

36.7474

CBSA code

33060

CBSA name

MIAMI, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments