419 S George Nigh Expy, Mcalester, OK for Sale
Hospitality - FOR SALE
1/57
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419 S George Nigh Expy
Mcalester, OK 74501


HIGHLIGHTS

  • Prime Location fronts US 69 just south of US Hwy 270
  • 133 Room Hotel w/Meeting Rooms
  • 4,300 SF Restaurant, Leased w/30 day notice
  • Repurpose Opportunity for additional Retail/Multi-Family Development

OVERVIEW

Located along a prime travel route to Texas, McAlester is poised for growth and expansion. This property is situated in the heart of the South McAlester retail/high traffic corridor that features a Walmart Supercenter, Harbor Freight, Lowes, McDonalds, Arby's, Wendy's, Subway and much more. McAlester boasts a new Amazon delivery station, the McAlester Army Ammunitions Plant, Kiamichi Technical Center, and many locally owned businesses and restaurants; there is also a Choctaw Casino. Prime location! The sellers had DOT connections and were able to position the bypass exit off 69-S directly at their site; they are the FIRST business at the exit. Seller acquired this property in 1994, lives on site with his family, and developed and expanded the improvements over the years. There are many options to repurpose this large tract; a nearby Motel 6 built apartments behind that lodging, and it filled with tenants immediately. The highest use of this property could include demolition to add 2-3 restaurants, with new apartment buildings behind. All public utilities - water, electricity, natural gas on site. Consider the possibilities for this offering: 4 buildings, 61,470 SF on 4.8 acres Original c 1960 motel, expanded to 82 rooms, with 29 rooms on 2nd floor, and 13 kitchen suites plus a 2- level, 4,500+ SF owner's quarters with 7 bedrooms, 4 full and 2 half baths, kitchen, laundry, living room, office, exercise room/den. Single story building with 34 rooms, laundry and office area. 2-story hotel building at the rear was built in 2002 has 17 kitchen/bedroom suites. Restaurant building, originally Pizza Inn. Separate utilities. Currently leased for $4,500/mo. Tenant wants to stay but agreed to month to month lease for maximum buyer flexibility. Furniture, fixtures and equipment convey via separate bill of sale. Zoning C-5 Public water, sewer, gas, electric on site Note: McAlester is located on Native Indian Land; tax and development incentives could be available for Native-owned businesses. Parcel ID#'s: 0100-00-462-002-0-002-00 and 0100-00-461-005-0-005-00 2025 Tax Assessment: $3,009,579 total 2025 Annual Taxes: $26,856 total Sooner Realty Properties LLC Brokerage lic # 146296 Managing Broker Kamlesh Aggarwal Lic 80557

FOR SALE DETAILS

PRICE

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# OF ROOMS

135

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4.8 AC Hospitality Property

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1994

PARKING SPACES

79

LAND DETAILS

LAND ACRES

4.8 AC

LAND SF

209,088 SF

ZONING

C-5

APN/PARCEL ID

0100-00-461-005-0-005-00,0100-00-462-002-0-002-00

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