2719 Main StMcAlester, OK 74501

Property Details for 2719 Main St

Year built

1993

Lot size

0.26 AC

Property size (Sq ft)

960 SF

Property type

Grocery and convenience stores

APN

0105-00-085-006-0-A06-00

APU

0105000850060A0600

Description

This turnkey convenience store and gas station, located at 2719 N Main St, McAlester, OK 74501, presents a compelling investment opportunity. The 1,728 square foot building, constructed in 1993, sits on an 11,136 square foot lot and boasts 100% occupancy. The property includes five gas pumps under a lighted canopy, providing significant revenue potential. The store features a functional kitchen area, currently utilized for pizza preparation and other hot food items. Recent improvements include new flooring and updated air conditioning. Seven parking spaces are available for customer convenience. All existing inventory is included in the asking price of $400,000 ($231.48/sq ft), excluding gasoline which is purchased on a usage basis. This established business, known locally as the Polar Bear Store, has a long history of success in the north McAlester area. The owner is selling to pursue other ventures, making this a rare chance to acquire a profitable, established business. A detailed equipment list is available upon request. This is a single-story building on a single lot.

• CAP approach

  CAP return

  Valuation

  6%

  $190,632

  6.5%

  $175,968

  7%

  $163,399

• Comparable approach

  Method

  Valuation

  Relative Method

  $173,045

  Geo Method

  $173,045

• Alternative Use

  Use

  Valuation

  Residential

  $148,436

  Hospitality

  $135,966

  Educational

  $113,123

  Medical

  $117,013

  Retail

  $175,968

Location Insight

City

Mcalester

County

Pittsburg

State

Oklahoma

Latitude

34.956

Longitude

-95.7612

CBSA code

32540

CBSA name

MCALESTER, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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