23785 Highway 100Welling, OK 74471

Property Details for 23785 Highway 100

Year built

1990

Lot size

0.49 AC

Property size (Sq ft)

3,110 SF

Property type

Grocery and convenience stores

APN

0000-20-15N-23E-0-042-00

APU

00002015N23E004200

Description

This thriving convenience store, located at 23785 Hwy 100 Unit 23785 in Welling, Oklahoma, presents a unique investment opportunity. Boasting 3,110 square feet on a 0.49-acre lot, this turnkey operation benefits from a prime location with high traffic counts and a loyal customer base. Its proximity to Lake Tenkiller ensures a consistent stream of seasonal and local clientele. The sale includes existing inventory, providing a seamless transition for the new owner. The business is well-established, demonstrating a proven track record of success. This is a fantastic chance to acquire a profitable, established business in a desirable area. The property's strategic location near Lake Tenkiller offers significant potential for growth and expansion. Furthermore, an adjacent residential property is also available for purchase, presenting an attractive option for owner-occupancy or additional rental income. This combined offering provides a rare opportunity to acquire both a successful commercial venture and a complementary residential property in a single transaction. The asking price for the convenience store is $220,000. Detailed financial records are available upon request. Don't miss this chance to own a piece of Welling's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $339,789

  6.5%

  $313,652

  7%

  $291,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $231,357

  Geo Method

  $231,357

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $644,548

  Mixed-Use / Specialty

  $299,240

  Hospitality / Lodging

  $202,236

  Office

  $283,617

  Institutional / Educational

  $306,338

  Residential Income

  $358,416

  Multifamily

  $503,560

  Automotive / Energy

  $262,576

  Parking / Income-Based Land

  $103,745

  Restaurant / Food Service

  $127,267

  Healthcare / Senior Housing

  $320,497

Location Insight

City

Welling

County

Cherokee

State

Oklahoma

Latitude

35.7642

Longitude

-94.8812

CBSA code

45140

CBSA name

TAHLEQUAH, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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