711 Steele Ave Cushing, OK 74023-2248
- Bars
- 2,576 SF
- 0.86 lot acres
Current Use by Public Records
- The Peacock Rouxm / Restaurant
Property Details for 711 Steele Ave
- Year built
- 1970
- Lot size
- 0.86 lot acres
- Property size
- 2,576 SF
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 600002422
- APU
- 600002422
Description
This exceptional commercial property in Cushing, Oklahoma, presents a unique investment opportunity. Spanning 4,016 square feet across two buildings on a 1.09-acre lot, this versatile space is ideally suited for a restaurant, bar, or event venue. The property is fully equipped for food service, boasting a walk-in refrigeration unit and a 10-foot vent hood, ready for immediate use or lease upon purchase. An expansive patio area complements the indoor/outdoor performance building, which includes pre-installed plumbing, electrical, and a bartop, perfect for hosting live events. The property's strategic location in Cushing, a town with a population of approximately 7,800, offers significant advantages. Its proximity to major highways and local hotels, including the Best Western Plus Cushing Inn & Suites (0.2 miles), The Oasis Extended Stay (0.6 miles), and the Executive Inn & Suites (1.9 miles), ensures high visibility and accessibility for both local residents and tourists. This prime location makes it an excellent choice for businesses seeking to attract a diverse clientele and capitalize on the area's traffic flow. The property's existing infrastructure and versatile design offer immediate potential for a variety of commercial uses, making it a highly attractive investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $130,000
- 6.5%
- $135,000
- 7%
- $135,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $155,000
- Geo Method
- $155,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $125,000
- Retail
- $125,000
- Mixed-Use
- $135,000
- Hospitality
- $155,000
- Educational
- $115,000
- Residential Income
- $150,000
- Energy
- $135,000
- Income-Based Land
- $150,000
- Food Service
- $160,000
Location Insight
- Map
- Local Demand
- City
- Cushing
- County
- Payne
- State
- Oklahoma
- Longitude
- -96.7694
- Latitude
- 35.9865
- CBSA code
- 44660
- CBSA name
- STILLWATER, OK MICROPOLITAN STATISTICAL AREA