8544 11Th StTulsa, OK 74112

  • Commercial real estate
  • 4,804 SF
For Sale
$399,000 View listing

Property Details for 8544 11Th St

Year built
1985
Construction
STEEL FRAME
Lot size
0.84 AC
Property size (Sq ft)
4,804 SF
Zone code
CG
Property type
Commercial real estate
APN
14625-93-12-00100
APU
14625931200100

Description

This exceptional 2,000 square foot restaurant space is ideally situated in Ardmore's vibrant commercial district at 58 Rittenhouse Place, conveniently located near Lancaster Avenue. The property boasts a single-tenant occupancy, offering a blank canvas for a discerning restaurateur. Built in 1950 and completely renovated in 2024, this Class B building presents a modern, move-in ready environment. The single-story structure features ample parking with six spaces available for patrons and staff. The space is fully vacant and ready for immediate occupancy, allowing for complete customization to suit your specific business needs. The property benefits from three-phase power, essential for restaurant equipment. No elevators are present, suitable for a single-story layout. Zoned for commercial use, this location offers significant potential within the Ardmore submarket. The building's 2,000 square feet provide ample room for a kitchen, dining area, and additional amenities. This is a rare opportunity to establish a thriving restaurant in a highly desirable location. The property's recent renovation ensures modern aesthetics and functionality, minimizing upfront investment costs. Don't miss this chance to secure a prime restaurant space in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $479,335
    Hospitality
    $439,068
    Educational
    $365,299
    Medical
    $377,863
    Retail
    $568,243

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.1475
Longitude
-95.8804
CBSA code
46140
CBSA name
TULSA, OK METROPOLITAN 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
$4,703
$8,085
$26,950
$35,035
-
$73,500
$245,000
$318,500

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