704 Conner Ave Fairland, OK 74343-4026
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.