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Altus Restaurant w/ Tenant Income! 1221 N Grady St

2,948 SF 100% Leased Retail Building Altus, OK 73521 $390,000 ($132/SF) 6.53% Cap Rate

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.

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL ANNUAL PER SF
Gross Rental Income $28,800 $9.77
Other Income - -
Vacancy Loss - -
Effective Gross Income $28,800 $9.77
Taxes $1,350 $0.46
Operating Expenses $2,000 $0.68
Total Expenses $3,350 $1.14
Net Operating Income $25,450 $8.63

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income
Annual $28,800
Annual Per SF $9.77
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $28,800
Annual Per SF $9.77
Taxes
Annual $1,350
Annual Per SF $0.46
Operating Expenses
Annual $2,000
Annual Per SF $0.68
Total Expenses
Annual $3,350
Annual Per SF $1.14
Net Operating Income
Annual $25,450
Annual Per SF $8.63

PROPERTY FACTS

Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,948 SF
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
Lot Size
0.47 AC
Zoning
C - Commercial - Restaurant
Parking
38 Spaces (12.89 Spaces per 1,000 SF Leased)

AMENITIES

  • Restaurant

LINKS

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Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Sam's Southern Eatery
Rent-A-Center
MidFirst Bank
CrossFit

PROPERTY TAXES

Parcel Number 0010-00-009-005-0-001-00 Total Assessment $15,470 (2023)
Land Assessment $4,680 (2023) Annual Taxes $1,350 ($0.46/SF)
Improvements Assessment $10,790 (2023) Tax Year 2022

PROPERTY TAXES

Parcel Number
0010-00-009-005-0-001-00
Land Assessment
$4,680 (2023)
Improvements Assessment
$10,790 (2023)
Total Assessment
$15,470 (2023)
Annual Taxes
$1,350 ($0.46/SF)
Tax Year
2022
(580) 284-0044

CONTACTS

  • Listing ID: 26574699

  • Date on Market: 9/7/2022

  • Last Updated:

  • Address: 1221 N Grady St, Altus, OK 73521

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Altus Restaurant w/ Tenant Income! | 1221 N Grady St
(580) 284-0044 x

Altus Restaurant w/ Tenant Income! | 1221 N Grady St

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Ted Warkentin

(580) 284-0044

(580) 284-0044

Clay Johnson

(580) 704-7454

(580) 704-7454

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