520 1St AveDurant, OK 74701

Property Details for 520 1St Ave

Year built

1981

Property size (Sq ft)

2,585 SF

Property type

Drive through restaurants

APN

A001-00-106-007-0-000-00

APU

A00100106007000000

Description

This exceptional opportunity presents the chance to acquire a thriving, established restaurant in Durant, Oklahoma. Located at 520 N 1st Ave, this 2,585 square foot, single-story building sits on a 0.56-acre lot and is zoned for commercial use. Built in 1981, the property has undergone significant renovations both inside and out within the last two years, resulting in a modern and inviting atmosphere for patrons. The fully equipped kitchen boasts state-of-the-art appliances, ensuring efficient and effective food preparation. The restaurant enjoys a prime location on a major Durant thoroughfare, providing excellent visibility and ample parking. Financial performance has been consistently strong, demonstrating high profitability and a substantial gross net income. This turn-key operation offers immediate income potential and the benefit of a well-established customer base in a growing community. The asking price is $700,000, translating to $270.79 per square foot. This is a rare chance to own a successful, established business with significant upside potential. The property is ready for immediate operation, requiring no significant capital investment beyond the purchase price.

• CAP approach

  CAP return

  Valuation

  6%

  $951,689

  6.5%

  $878,482

  7%

  $815,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,028,100

  Geo Method

  $783,789

• Alternative Use

  Use

  Valuation

  Residential

  $741,033

  Hospitality

  $678,782

  Educational

  $564,739

  Medical

  $584,161

  Retail

  $878,482

Location Insight

City

Durant

County

Bryan

State

Oklahoma

Latitude

33.9953

Longitude

-96.3744

CBSA code

20460

CBSA name

DURANT, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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