For Sale
$500,000

704 Conner Ave Fairland, OK 74343

Profitable Restaurant, High Income, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional Class A restaurant, located at 704 W Conner Ave, Fairland, OK 74343, presents a unique investment opportunity. Boasting 3,159 square feet of space and currently operating at 100% occupancy, this established bar and restaurant generates a substantial net operating income (NOI) of $31,000 annually, representing a 6.20% cap rate. The asking price is $500,000, translating to $158.28 per square foot. The property is categorized as a mixed-use, retail, and hospitality business for sale, offering a turnkey operation with a proven track record of success. The business enjoys a strong reputation, evidenced by its high customer loyalty and positive online reviews. Seller financing options are available, making this an attractive proposition for both experienced restaurateurs and first-time entrepreneurs. The current owner is retiring, presenting a rare chance to acquire a thriving business with immediate income potential. This high-traffic location offers ample parking, ensuring convenient access for patrons. The menu features a diverse selection of dishes, catering to a wide range of tastes. This is a truly exceptional opportunity to own a profitable and well-established restaurant in a prime location. The lease is expiring, offering a clean slate for the new owner.

Highlights

  • Class A, 3,159 SF restaurant in Fairland, OK, generating $31,000 annual NOI.
  • $500,000 asking price, $158.28/SF, 6.20% cap rate.
  • Turnkey operation with strong reputation and high occupancy.
  • Seller financing available; current owner retiring.
  • High-traffic location with ample parking; lease expiring.

Property Details for 704 Conner Ave

Property type
Retail properties, Restaurants
Square Feet
3,159 SF
Class
A

Location Insight

City
Fairland
County
Ottawa
State
Oklahoma
Latitude
36.7474241
Longitude
-94.8563421

FAQs

What type of property is this?
Retail property - Profitable Restaurant, High Income, Turnkey Operation
Where is the retail property located?
The property is located at 704 Conner Ave Fairland, OK.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Class A, 3,159 SF restaurant in Fairland, OK, generating $31,000 annual NOI.; $500,000 asking price, $158.28/SF, 6.20% cap rate.; Turnkey operation with strong reputation and high occupancy.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
704 Conner Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message