Active

2204 S Park Highway

Broken Bow OK, 74728

$1,700,000


$674.60 per sqft

Active

2,520 sqft

Commercial

Built in 1997

Listing courtesy of Tammie Duck and with Keller-Williams Platinum B.B. Listing Contact: 580-494-3466

OWN AN ICON This property is in a popular tourist area and presents a lucrative opportunity for a turnkey restaurant business. With a seating capacity of over 100 and potential for expansion, The OAKS has been operating successfully for more than 25 years. The current owner is retiring, making this an ideal time to acquire the establishment. Housed in a spacious custom-built Satterwhite log cabin, the restaurant enjoys high visibility on A HEAVILY TRAFFICED FOUR LANE HIGHWAY WITH AN AVG DAILY TRAFFIC COUNT EXCEEDING 16,000. Popular with locals and tourists, The Oaks Steakhouse takes pride in its dedicated and long-serving employees, who consistently deliver exceptional service--founded on October 27th, 1997, by L.D. "Bud" Gilbreath, a former McCurtain County sheriff, and his wife Laverne, the restaurant represents the Gilbreath family's reentry into the customer service industry after operating a grocery store. The choice of the restaurant's name is inspired by the majestic oak trees surrounding the site. As one of the pioneering dining establishments in the area, The Oaks Steakhouse has garnered the appreciation and unwavering support of the community. It is worth noting that Broken Bow, where the restaurant is located, has been ranked as the top small town to live in Oklahoma, fifth in the nation, and among the top 20 tourist destinations nationwide. This self-sustaining and profitable business opportunity comes with the option of partial financing. Interested parties must provide proof of their financial capabilities to purchase the property, upon which the relevant financial records will be shared.

1119298

MLS ID

June 5, 2024

Listed

October 15, 2024

Updated

Map

2204 S Park Highway
Broken Bow OK, 74728

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

1.5 Acres

Other Property Details

Taxes

$2,174


Tax Frequency

Annually


Days on Market

47


Association Fee Frequency

Yearly


Garage

No


Parking

Additional Parking, Asphalt, Circular Driveway


View

No


County

McCurtain


Pool

No

Listing History

Date

Event

Price

7/15/2024

Price change

$1,700,000

-6%

The information provided is believed to be accurate but is not guaranteed and is subject to verification by all parties. It is intended for consumers' personal, non-commercial use and should not be used for any other purpose than to identify prospective properties for purchase. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual, and/or purpose without the express written permission of MLSOK, Inc. The IDX display contains information sourced from MLSOK, Inc. as of 10/15/2024. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered. Information last updated on 10/15/2024.

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