2000 Reno StBroken Arrow, OK 74012

Property Details for 2000 Reno St

Year built

2003

Construction

WOOD FRAME

Lot size

1.59 AC

Property size (Sq ft)

6,530 SF

Zone code

IL

Property type

Turn key restaurants

APN

79425-84-03-28740

APU

79425840328740

Description

This exceptional free-standing restaurant, located at 2000 W Reno Street in Broken Arrow, Oklahoma, presents a lucrative investment opportunity. Boasting 6,530 square feet of space, the property sits on a generous 1.588-acre lot and was constructed in 2003. The building's design is well-suited for restaurant operations, and its prime location ensures high visibility and accessibility for customers. A significant advantage is the ample parking available, with 72 spaces provided for patrons' convenience. The asking price for this turnkey restaurant property is $1,600,000. Situated in Tulsa County, Oklahoma, with a zip code of 74012, this property offers a strong foundation for continued success or a fresh start for a new culinary venture. The property's size and features make it ideal for a variety of restaurant concepts, offering significant potential for growth and profitability. The substantial lot size also allows for future expansion or outdoor seating possibilities. This is a rare opportunity to acquire a well-established restaurant property in a thriving location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $836,771

  6.5%

  $772,404

  7%

  $717,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,177,069

  Geo Method

  $1,177,069

• Alternative Use

  Use

  Valuation

  Residential

  $651,552

  Hospitality

  $596,818

  Educational

  $496,546

  Medical

  $513,623

  Retail

  $772,404

Location Insight

City

Broken Arrow

County

Tulsa

State

Oklahoma

Latitude

36.0696

Longitude

-95.8147

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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