For Sale
$225,000

711 Steele Ave Cushing, OK 74023

Turnkey restaurant, bar, event space.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional mixed-use property in Cushing, Oklahoma, presents a unique investment opportunity. Priced at $225,000, this 4,016 square foot space is situated on a 1.2-acre lot and comprises two buildings, one of which is a fully equipped indoor/outdoor performance venue. Built in 1970 and renovated in 2019, the property boasts a walk-in refrigeration unit, a 10-foot vent hood, and other restaurant equipment, making it immediately operational. The versatile layout is perfect for a restaurant, bar, or event venue, benefiting from a large patio area and the existing performance building, complete with plumbing, electric, and a bartop. The property includes 25 parking spaces and is zoned Urban Comm. Its prime location near major highways and local hotels, including the Best Western Plus Cushing Inn & Suites (0.2 miles), The Oasis Extended Stay (0.6 miles), and Executive Inn & Suites (1.9 miles), ensures high visibility and accessibility. The property's history as a popular restaurant and event venue provides a built-in customer base. This turnkey opportunity offers immediate potential for high returns, capitalizing on Cushing's thriving business environment and its proximity to the Cushing Oil Hub. The property features a Class B building, with a total of 47,462 square feet across two one-story buildings. The APN is 18N05E332CN61000B0017.

Highlights

  • Turnkey restaurant/event space with walk-in cooler, 10-foot vent hood, and existing equipment.
  • 4,016 SF mixed-use property on 1.2 acres, including a fully equipped indoor/outdoor performance venue.
  • Excellent location in Cushing, OK, near major highways and hotels (Best Western Plus, The Oasis Extended Stay, Executive Inn & Suites).
  • Established customer base from prior use as a popular restaurant and event venue.
  • Strong location near the Cushing Oil Hub, driving consistent business and visitor traffic.
  • High growth potential due to Cushing's energy sector and business activity.

Property Details for 711 Steele Ave

Property type
Retail properties, Restaurants
Square Feet
47,462 SF
Class
B
Year Built/Renovated
1970/2019
Buildings
2
Stories
1
Lot Size (sq. ft)
52,272 SF
Units
1

Location Insight

City
Cushing
County
Payne
State
Oklahoma
Latitude
35.986401529756
Longitude
-96.768965097359

FAQs

What type of property is this?
Retail property - Turnkey restaurant, bar, event space.
Where is the retail property located?
The property is located at 711 Steele Ave Cushing, OK.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Turnkey restaurant/event space with walk-in cooler, 10-foot vent hood, and existing equipment.; 4,016 SF mixed-use property on 1.2 acres, including a fully equipped indoor/outdoor performance venue.; Excellent location in Cushing, OK, near major highways and hotels (Best Western Plus, The Oasis Extended Stay, Executive Inn & Suites).
How can I contact the broker?
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711 Steele Ave
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