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$270,000
Est. payment /mo
3 Beds
2 Baths
1,440 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $187
Subdivision College Hill
MLS Listing ID 20260059
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N No
Annual Tax Amount $2,010
Acres 0.39
Property Sub-Type Single Family Residence
Property Description
Turn-key commercial property located in one of the best spots in Alva — positioned at a signalized intersection on Highway 64 with outstanding visibility, access, and frontage. The building offers approximately 1,440 sq ft on the main level with an additional 1,440 sq ft partially finished basement that includes an office, storage rooms, mechanicals, and a half bathroom. Situated on three lots totaling 0.39 acres, the site includes a 20x18 detached garage, a paved concrete circle drive at the front of the building, and additional gravel parking to the west and rear. The property is currently built-out as a restaurant featuring multiple dining rooms, a coffee/bar lounge area, a covered patio with pergola, a commercial kitchen, and bakery/prep space. Prior to conversion, the building was used as a retail storefront and could easily convert back to retail, office, or other commercial uses if desired. The property is zoned commercial and offers a flexible layout for a variety of business types. Features include a metal roof, stucco masonry exterior, central heat and air with an additional mini-split for the kitchen, one bathroom on the main level plus a half bath in the basement, handicap accessibility, extensive storage and closets, commercial sinks and prep areas, beautiful wood floors, and a charming interior. The outdoor covered patio includes electronics, lighting, fans, tables, and seating. Central mechanicals, including a tankless water heater, are located in the basement. The current operator has maintained fire/hood/grease compliance and the property includes an electronic billboard with monthly income located on the three-lot site. This is a highly visible commercial location with strong local and college traffic (NWOSU) along a major commercial corridor. An excellent option for a buyer seeking a restaurant/coffee concept, retail storefront, office space, or mixed commercial use. Sellers prefer to convey equipment and furnishings to support continuation of restaurant use for the community. **The real estate and equipment are being sold, not the business.**
Location
State OK
Interior
Heating Central, Fireplace(s)
Cooling Electric
Flooring Hardwood
Fireplaces Number Yes
Fireplace Yes
Appliance Gas Oven/Range, Microwave, Refrigerator, Tankless Water Heater
Exterior
Exterior Feature Rain Gutters
Parking Features Detached, Circular Driveway, Attached/Detached Garages
Garage Spaces 1.0
Fence Other
Roof Type Metal
Porch Covered
Garage Yes
Building
Sewer Public Sewer
Water Public
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Listed by Real Broker LLC Jessica Smith
Nearby Locations
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