22203 Frontage RdClinton, OK 73601

  • Turn key restaurants
  • 2,112 SF
For Sale
$359,900 View listing

Property Details for 22203 Frontage Rd

Year built
1980
Lot size
2.40 AC
Property size (Sq ft)
2,112 SF
Property type
Turn key restaurants
APN
0000-29-012-017-C-000-40
APU
000029012017C00040

Description

This exceptional opportunity presents the chance to acquire Jigg's Smokehouse, a well-established barbecue restaurant located on historic Route 66 in Clinton, Oklahoma. This 2,112 square foot restaurant sits on a 2.4-acre lot and is priced at $325,000. Owned and operated by the same family for nearly 50 years, Jigg's Smokehouse is a beloved local landmark known for its traditional recipes and high-quality barbecue. The restaurant's charm is undeniable, boasting a rustic decor and welcoming atmosphere that perfectly captures the spirit of Route 66. Features include a shaded front porch and unique interior design elements such as spool tables opposite the butcher counter and paneled walls adorned with portraits of iconic figures. The sale includes all necessary equipment and fixtures, making this a true turn-key operation. This is an ideal investment for aspiring restaurateurs, barbecue enthusiasts, or entrepreneurs seeking a profitable business with a rich history and established customer base. The opportunity to own a piece of Route 66 history and continue the legacy of this successful restaurant is now available. Don't miss this chance to own a piece of Americana and build upon the existing success of this iconic establishment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $439,238
    6.5%
    $405,450
    7%
    $376,489
  • Comparable approach

    Method
    Valuation
    Relative Method
    $640,372
    Geo Method
    $640,372
  • Alternative Use

    Use
    Valuation
    Residential
    $342,012
    Hospitality
    $313,281
    Educational
    $260,646
    Medical
    $269,611
    Retail
    $405,450

Location Insight

City
Clinton
County
Custer
State
Oklahoma
Latitude
35.4812
Longitude
-99.0287
CBSA code
48220
CBSA name
WEATHERFORD, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$660
$2,897
$3,319
$6,216
-
$26,338
$30,177
$56,515

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