7822 Parkway Blvd Tulsa, OK 74127
- Bars
- 9,600 SF
- 2.11 lot acres
Current Use by Public Records
- Deep Pockets Billiard Bar & Bistro / Pool Hall
- ATM / Atm
Property Details for 7822 Parkway Blvd
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 2.11 lot acres
- Property size
- 9,600 SF
- Zone code
- CS
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 62236-92-07-29540
- APU
- 62236920729540
Description
This exceptional 9,600-square-foot, single-story commercial property in Tulsa, Oklahoma, is a beautifully renovated pool hall and bar/restaurant. Located in a prime commercial shopping district on 2.11 acres, this Class B building boasts a full-service kitchen, bar, office, and renovated bathrooms. Built in 2004 and extensively renovated in 2020, the all-metal building (with brick veneer) offers ample parking and benefits from high visibility due to its highway frontage and proximity to a Hampton Inn and two major apartment complexes in Sand Springs. The property enjoys excellent daily traffic counts (39,832 vehicles) and is just three minutes from downtown Tulsa. The average household income in the area is $72,944 per year, indicating a strong customer base. This owner-user investment opportunity presents a turnkey business with significant potential for growth. The asking price is $899,000 ($93.65 per square foot). The property is zoned for commercial use and includes one unit. This is a rare chance to acquire a thriving established business in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $730,000
- 6.5%
- $615,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $695,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $645,000
- Retail
- $645,000
- Mixed-Use
- $720,000
- Hospitality
- $735,000
- Educational
- $625,000
- Residential Income
- $615,000
- Energy
- $655,000
- Income-Based Land
- $710,000
- Food Service
- $640,000
Location Insight
- Map
- Local Demand
- City
- Tulsa
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -96.0792
- Latitude
- 36.1458
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA