4 S Commerce Street,Ardmore, OK 73401
Ardmore, OK 73401
Description
TURNKEY BUSINESS + REAL ESTATE OPPORTUNITY! Rare opportunity to acquire a well-established Italian restaurant together with the real estate at 4 S. Commerce St. in Ardmore, Oklahoma. Operating successfully for approximately 12 years, this restaurant has built a loyal customer base and a strong reputation for quality food and a welcoming atmosphere.The 2,436 SF restaurant sits on approximately 0.28 acres and was originally built in 1972. The property offers a comfortable dining environment with seating for approximately 40-60 guests, along with a fully equipped commercial kitchen and the furnishings, fixtures, and equipment needed for a turnkey transition.The business is currently supported by a 7-person staff, with the owner maintaining a semi-absentee role and primarily providing oversight rather than working in the day-to-day operation. The current owner is offering the property and business for sale due to retirement, creating an opportunity for a new owner to step into an established operation.Based on seller-provided and annualized operating figures, the business generates approximately $458,000 in annual revenue, with preliminary operating income of approximately $225,000 before certain expenses that remain to be verified. This provides an attractive foundation for an owner-operator or investor looking for an established business with real estate included.The $750,000 asking price includes both the operating business and the real estate, providing an opportunity to acquire an established restaurant and the underlying property in one transaction.With its established operating history, loyal clientele, turnkey setup, existing staff, and potential opportunities for catering, delivery, private events, expanded hours, or other revenue streams, this offering provides both an established foundation and room for future growth.
Details
| MLS # | 2632647 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 38 |
| Listing Provided By | Riley & CO Real Estate Group | Cami Hobbs |
Features
| SQ Feet | 2,436 |
|---|---|
| Zoning | Commercial |
| Acreage | 0.28 |
Taxes
| Tax Annual Amount | 2308 |
|---|
Area Information
| State | OK |
|---|---|
| County | Carter |
| City | Ardmore |
| Zip Code | 73401 |
| Listing VS Median (in 73401) | |
Price: $750,000 low | high Med: $268,500 sqft: 2,436 low | high Med: 2,080 $ / sqft: $308 low | high Med: $130 On site: 38 low | high Med: 157 | |
Market Activity 73401
Request a showing
Request a showing
Contact
Learn More About This Property
| State | OK |
|---|---|
| County | Carter |
| City | Ardmore |
| Zip Code | 73401 |
| Listing VS Median (in 73401) | |
Price: $750,000 low | high Med: $268,500 sqft: 2,436 low | high Med: 2,080 $ / sqft: $308 low | high Med: $130 On site: 38 low | high Med: 157 | |