1012 South Elgin Avenue

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1012 South Elgin Avenue

Tulsa, OK 74120
Asking Price
$3.00M
Asset Type
Bar Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail bar property available for purchase in Tulsa.
  • Asking price for the commercial asset is $3,000,000.
  • Located at 1012 South Elgin Avenue in Tulsa, Oklahoma.
  • Property sits within the 74120 zip code area.
  • Strategic site positioned for a central hospitality business.

What's Special

Establish a prominent bar concept at 1012 South Elgin Avenue, a retail asset situated in the heart of Tulsa. The property offers a strategic footprint for hospitality operators looking to capitalize on the city's active nightlife scene and expanding downtown corridor. As Tulsa continues to see economic development and infrastructure investment, this location provides a centralized hub for reaching a diverse demographic of local patrons and visitors alike. The surrounding neighborhood benefits from dense residential areas and nearby corporate activity, making it a viable spot for high-traffic food and beverage operations. Investors and business owners will find this retail space well-positioned to serve as a cornerstone of the community, supported by the ongoing growth of the regional economy and accessible transit routes through the metro area.

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

Location & Travel Times