Altus Restaurant w/ Tenant Income! 1221 N Grady St

1221 N Grady St , Altus, Oklahoma, 73521 | 2,948 sq.f | $ 390,000

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About This Restaurant

Investment Highlights

Income Producing

Executive Summary

Building and land for sale. Currently an established Mexican Restaurant, Chavez Mexican restaurant operating in building generating rental income of $2,400 per month.

Property Details

  • Sale Type    Investment
  • Sale Condition    High Vacancy Property
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Bar General Retail Fast Food Restaurant
  • Building Size    2,948
  • Year Built/Renovated    1960/2014
  • Price    390,000
  • Price Per SF    132
  • Cap Rate    6.53
  • NOI    25,450
  • Percent Leased    100
  • Building Height    1 Story
  • Building FAR    0.14
  • Land Acres    0.47 AC

Amenities

  • Restaurant

Property Taxes

Parcel Number 0010-00-009-005-0-001-00 Improvements Assessment $4,680 (2023)
Land Assessment $15,470 (2023) Total Assessment $(1) (0.00/SF)
Date Created: 2024-07-16 04:18:08 Last Updated: 2024-07-16 04:18:08
Address: 1221 N Grady St , Altus, Oklahoma, 73521