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.
Copyright © 2024 MLSOK, Inc.