123 Broadway StChecotah, OK 74426

Property Details for 123 Broadway St

Year built

1935

Lot size

0.08 AC

Property size (Sq ft)

3,000 SF

Property type

Retail space

APN

2001-00-070-007-0-000-00

APU

200100070007000000

Description

This exceptional opportunity presents the chance to acquire a thriving restaurant steeped in history, located at 123 S Broadway Street in the charming town of Checotah, Oklahoma. This beautifully restored 1901 building, boasting 4,200 square feet on a 0.08-acre lot, has served the community for over 57 years, establishing a loyal customer base. Its strategic location captures significant traffic from Lake Eufaula, as well as I-40 and Highway 69 travelers, ensuring consistent customer flow. The restaurant features a spacious dining area with additional second-level seating perfect for overflow or private events. The commercial kitchen is equipped with updated and well-maintained equipment, ready for immediate operation. Ample street parking is available for patrons in the downtown area, close to antique and boutique shops, adding to the convenience and appeal. The property is conveniently located just 20 minutes from Muskogee, offering easy access to a larger population base. The opportunity to acquire the established restaurant's proprietary recipes and name, known as "June's," is available for an additional purchase price, providing a seamless transition and immediate brand recognition. This is a rare chance to own a piece of Checotah's rich history and a profitable, established business. The asking price for this turnkey operation is $550,000.

• CAP approach

  CAP return

  Valuation

  6%

  $384,428

  6.5%

  $354,856

  7%

  $329,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $540,767

  Geo Method

  $540,767

• Alternative Use

  Use

  Valuation

  Residential

  $299,335

  Hospitality

  $274,189

  Educational

  $228,122

  Medical

  $235,967

  Retail

  $354,856

Location Insight

City

Checotah

County

Mcintosh

State

Oklahoma

Latitude

35.4696

Longitude

-95.5235

Property Tax & Assessments

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