Property profile

711 Steele Ave Cushing, OK 74023

OFF-MARKET
Bars & Pubs
Property ID
US69-0890644
2,576 SF 0.86 ac lot Built 1970
Individually Owned 6-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

711 Steele Ave Cushing, OK 74023-2248
Cushing metro Census 11400 STILLWATER, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2020
Last sale
$150,000
2 recorded transactions
2020
$150,000
2019
$16,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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