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    OFF-MARKET
    Bars & Pubs

    711 Steele Ave, Cushing, OK 74023-2248

    2,576 SF 0.86 ac lot Built 1970
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US69-0890644
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group BAR, TAVERN
    Year built 1970
    Total area 2,576 SF
    Lot 0.86 ac (37,462 SF)
    APN 600002422
    UPID US69-0890644
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Peacock Rouxm Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tommye G Waltman · 5 yrs held
    Tommye G Waltman
    since 2020
    Last sale
    $150,000
    2 recorded transactions
    2020
    $150,000
    2019
    $16,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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