31 Commercial 1001 SH 31 Panama, OK 74951
LOCATION: Panama, Oklahoma, approximately 15 minutes from either Poteau, the county seat of LeFlore County, or Ft. Smith, the second largest city in Arkansas.
*Panama. K-12 school system, featuring several new facilities. Numerous businesses and churches, as well as the AES coal generation plant.
*Poteau, Oklahoma. Rated as one of the 100 best small towns to live in America.
Highly rated state college; new buildings include: court house, civic center, library, new medical facilities. Excellent school system. Progressive county seat with a population of ~ 10,0000.
*Ft. Smith Ark. Population ~75,000. Established as old Fort to monitor river traffic at the confluence of the Arkansas and Poteau Rivers. Excellent medical facilities, shopping and dining. New regional airport terminal and historic Judge Parker’s chambers which brought law to the Indian Territory through the employment of over one hundred U.S. Marshalls.
BUILDING: Presently used as a bar/nightclub, but could easily be utilized as a restaurant or other business.
*~2400’ heated area including two restrooms, office and bandstand. Also a 17X30 patio bar.
*Quality construction, just over 2 years old and in very good condition. 5 ton H/AC unit, ceiling fans, as well as window AC.
*Amenities include a custom made cedar bar, barstools, chairs, tables, refrigerator, 2 beer coolers.
SITE: Faces SH 31 on north side of Panama. Nearly level, highway and side street frontage. Gravel parking lot and driveway. ~1.5 acres(exact to be determined by survey), with additional abandoned railroad row that goes with the property.
COMMENTS: A well located commercial property with a very well built building in great shape. Previously used as a bar/nightclub but could easily be converted to other uses such as a restaurant or even a residence. Great opportunity to take over a previously profitable and thriving business located in the heartbeat of Eastern Oklahoma. An additional ~1.5 acres with double wide mobile home and 2 car garage is available.