2204 S Park Highway Broken Bow, OK $ 1,800,000
2204 S Park Highway
$ 1,800,000
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2204 S Park Highway

Broken Bow, OK, 74728
$ 1,800,000
Baths0.0 Sq 3,306

Monthly Estimate*

$ 12,574

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Studio

Commercial Property for sale in Broken Bow, OK

for $1,800,000. This 3,306 square foot building was built in 1997 on a lot size of 1.5.

This property is situated 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 log cabin, the restaurant enjoys high visibility on a heavily trafficked four-lane highway, with an average daily traffic count exceeding 16,000. Renowned among both 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 presence of 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 the state of 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.

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Commercial Active

Price

$ 1,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

1.5

Year Built

1997

Town/City

Broken Bow

County/Region

McCurtain

MLS | Web ID

1063730

Features
General
Sewer Public
Construction Log
Parking Circle Drive Concrete Drive Gravel Drive
Water Public
Zoning Commercial
Gas Y/N Public
Handicap Access 1
Sub Type Restaurant
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Interior
Cooling System Central Elec
Heating System Central Electric
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* Excluded Features
List By
Tammie Duck

Listing Agent

Keller-Williams Platinum B.B.

Broker

(903) 440-5477

Phone

Affordability Calculator

$12,574
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,574
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
304713 Elementary School
304843 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2023$1,800,000 Listed Price

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2204 S Park Highway, Broken Bow, OK, 74728 is a Commercial Property for sale at $1,800,000 with 3,306 sqft and a lot size of 1.5. 2204 S Park Highway is a studio with 0.0 baths and was built in 1997. The property's zip code is 74728 which is in Broken Bow, OK