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Listed by Tammie Duck • Keller-Williams Platinum B.B.

$1,399,999

Est. payment - /mo

2,520 SqFt

Active

2204 S Park HWY Broken Bow, OK 74728

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Key Details

Property Type Commercial

Sub Type Restaurant

Listing Status Active

Purchase Type For Sale

Square Footage 2,520 sqft

Price per Sqft $555

MLS Listing ID OKC1119298

Construction Status Log

Year Built 1997

Annual Tax Amount $2,174

Lot Size 1.500 Acres

Property Sub-Type Restaurant

Property Description

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.

Location

State OK

County Mccurtain

Zoning Commercial

Interior

Heating Central Electric

Cooling Central Electric

Fireplace N

Exterior

Parking Features Additional Parking, Asphalt, Circle Drive

Garage Description Additional Parking, Asphalt, Circle Drive

Building

Structure Type Log

Construction Status Log

Others

Acceptable Financing Cash, Conventional, Seller will Finance

Listing Terms Cash, Conventional, Seller will Finance

Virtual Tour https://www.propertypanorama.com/instaview/okc/1119298

Multiple Listing Service of Oklahoma (MLSOK)

Casey Tuter

Realtor/Broker Associate | License ID: 172150

+1(405) 595-8902 | casey.tuter@brixrealty.com