1920 Meridian AveOklahoma City, OK 73108

Property Details for 1920 Meridian Ave

Year built

1994

Construction

CONCRETE BLOCKS

Lot size

0.78 AC

Property size (Sq ft)

3,562 SF

Property type

Turn key restaurants

APN

13-238-4020

APU

132384020

Description

This exceptional restaurant property, located at 1920 S. Meridian Avenue in Oklahoma County, presents a unique opportunity for food service businesses. The building boasts a substantial 3,562 square feet of space situated on a generous 0.77-acre lot, offering ample room for both indoor and outdoor operations. The property is zoned I-2, making it ideally suited for a variety of restaurant concepts. The building features a fully equipped, second-generation kitchen, ready for immediate use, complete with two walk-in coolers, one walk-in freezer, and a 16-foot vent hood. This established infrastructure significantly reduces the initial investment and setup time for prospective owners or lessees. An added benefit is the availability of a patio area, perfect for expanding seating capacity and creating a welcoming outdoor dining experience. The property's size and features make it suitable for a wide range of restaurant styles and sizes. This is a turnkey opportunity for an established restaurant looking to relocate or a new venture seeking a prime location with existing infrastructure. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. The property is available for both sale and lease, providing flexibility for potential buyers and tenants. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $670,335

  6.5%

  $618,771

  7%

  $574,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,080,021

  Geo Method

  $1,080,021

• Alternative Use

  Use

  Valuation

  Residential

  $521,956

  Hospitality

  $478,109

  Educational

  $397,781

  Medical

  $411,461

  Retail

  $618,771

Location Insight

City

Oklahoma City

County

Oklahoma

State

Oklahoma

Latitude

35.4452

Longitude

-97.6006

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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