Paragon Realtors Real Estate

117 S FranklinColbert, OK 74733Price: $299,000

  • Price: $299,000
  • 5 Days on Market
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Federal 30-year interest rate: 6.69% last updated on Aug 6, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $299,000List Price
  • 0.41Acreage
  • 2,160Square Feet

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Listed by Michelle McCullough of Homes By Lainie
The Possibilities Are Endless One Property. Endless Potential. Imagine creating the destination Southern Oklahoma has been waiting for. Positioned minutes from the Texas border in the growing Texoma region, this unique commercial property offers far more than a turnkey restaurant-it offers the opportunity to build the area's next gathering place. Currently operating as a fully equipped restaurant, the property includes the commercial kitchen equipment, furnishings, and equipment inventory, allowing a new owner to open immediately or create an entirely new concept. Inside you'll find a spacious dining room with booths and table seating, a private party room, office, and three customer restrooms. The real opportunity lies beyond the walls. A fenced backyard is ready to become an inviting courtyard with the potential for direct access from the restaurant. Picture a beer garden, outdoor dining, live music, food truck nights, family games, seasonal events, fire pits, or an ice cream shop where families gather after the ball games and weekends at Lake Texoma. With virtually no nearby restaurants offering alcohol, outdoor entertainment, or live music, this location is uniquely positioned to become a destination instead of simply another place to eat. The property includes three parcels, creating room to expand. An additional parcel features an older shop that could become a brewery, bakery, coffee shop, retail space, or be removed for additional outdoor entertainment. A single-wide mobile home offers potential as employee housing, rental income, office space, or could be removed for future development. Whether your vision is a brewery, beer garden, bakery, coffee house, event venue, family entertainment destination, food hall, ice cream shop, or market, this property provides the flexibility to make it happen. This isn't just a restaurant. It's your opportunity to create the destination Southern Oklahoma has been waiting for.

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Property Details of 117 S Franklin

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 "Based on information submitted to The Greater Tulsa Association of REALTORS as of August 9, 2026 12:08 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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