305 S Air Depot Blvd 3,081 SF Retail Building Oklahoma City, OK 73110 $599,000 ($194.42/SF)

Chiu Wu Restaurant — Operating Business and Real Estate Offered Together 305 S. Air Depot Blvd., Midwest City, OK 73110. Please note that this is a combined sale. The operating restaurant business and the underlying real estate are offered together as a single transaction. The property is not available for lease, and the seller is not entertaining a real-estate-only or a business-only sale.
Chiu Wu Restaurant is a freestanding, full-service Chinese restaurant with a drive-thru on the Air Depot Boulevard corridor in Midwest City. The restaurant has operated continuously at this location under the same ownership family since 2003, and the family has held the underlying real estate since then. A buyer acquires the going concern and the ground beneath it in one transaction: the operating restaurant, trade name, goodwill, and furniture, fixtures, and equipment, along with the land and building. For an owner-operator, that means stepping into an established kitchen with an existing customer base while controlling occupancy costs, rather than opening cold or building out a new space and negotiating a lease. The seller is retiring from day-to-day operation and is prepared to provide a defined training and transition period to a qualified buyer.
The real estate consists of a freestanding, single-story restaurant building of approximately 3,081 square feet on a 26,000-square-foot site (roughly 0.60 acres), per Oklahoma County Assessor records, with the buyer to verify square footage and site dimensions. The parcel has direct frontage and a dedicated curb cut onto Air Depot Boulevard, with pylon signage at the street line. Approximately 22,912 square feet of the site is paved, providing striped on-site parking, and the building also has a covered walkway at the entry and a drive-under canopy on the west side. In addition to dine-in and carryout, the restaurant operates a drive-thru. The building was constructed in 1980, and a remodel permit on file with the county reflects work completed in 2003. The Assessor classifies the property as commercial in the Fast Food Restaurant class; the buyer should verify zoning with the City of Midwest City. The parcel is Oklahoma County account R150601300, PIN 1413-15-060-1300, legally described as East Highland Acres, Block 001, Lot 013, in tax district 552 and the Mid-Del Public Schools district. A fully paved lot with recently striped dedicated parking is an increasingly scarce configuration for freestanding restaurant users on this corridor, where most remaining restaurant space is inline retail sharing a common parking lot.
Inside, the building is laid out as a purpose-built restaurant and conveys turnkey. The dining room seats guests in partitioned booth bays with loose table seating, served from an order counter with a beverage station and menu boards, and windows on two elevations bring in natural light. Restrooms and a service corridor sit off the main dining area. Behind the counter is a full commercial kitchen built around a three-well wok cooking station under a hood system, with fryers, a walk-in cooler, reach-in and upright refrigeration, chest freezers, an ice machine, a three-compartment sink, a steam table, commercial rice cookers, a mixer, a grinder, prep tables, and stainless work surfaces. The furniture, fixtures, and equipment convey with the sale per a seller-provided equipment schedule, and additional small-wares and dining room furniture are included. The full itemized schedule, with quantities and condition ratings, is provided to qualified buyers, and all equipment condition should be independently inspected and verified during due diligence. Air Depot Boulevard is one of Midwest City's principal north-south commercial arterials, carrying daily traffic between the Tinker Air Force Base gates, the Mid-Del school system, and the retail concentration along Interstate 40. The subject sits on the west side of the corridor with direct street frontage. The surrounding trade area is a stable, established residential and commercial base anchored by Tinker Air Force Base and the neighborhoods that serve it, and immediate neighbors along the corridor include a coffee roastery, retail, professional services, and a child development center. The offering suits an owner-operator, a restaurant group seeking an additional location, or an investor who wants real estate control paired with an operating business. The most likely buyer is an operator who values a proven location, an existing customer base, and building ownership at a basis well below new construction cost. The fee-simple real estate may qualify for SBA 7(a) or 504 financing for a qualified owner-operator acquiring both the business and the real estate; confirm eligibility, down payment requirements, and terms directly with a preferred SBA lender. A full offering memorandum is available and covers the real estate, the equipment schedule, operating detail, and the seller's financial statements and federal tax returns. Recommended due diligence includes health department permitting and inspections, business license and sales tax permit transfer, POS ownership or lease terms, employee retention, title and survey, zoning and continued-use verification, roof, HVAC and structural inspection, and grease trap and hood system compliance. The seller has requested strict confidentiality, as public knowledge of a potential sale could affect day-to-day operations and staff retention. Please do not contact employees, vendors, ownership, or staff, and please do not visit the restaurant to discuss the sale. The business is open and operating, and visits that disrupt service are not permitted. Financial statements, tax returns, the equipment schedule, and supporting documents are released only after execution of a non-disclosure and non-circumvention agreement. Showings and document review are by appointment through the listing broker. For additional information, contact Brad Huffman, Managing Broker with Rise Above Realty, LLC, at 405-409-2928 (cell) or 405-362-1660 (office), or by email at Brad@RiseAboveRE.com. All information has been compiled from seller-provided materials and Oklahoma County Assessor records and is believed reliable, but is not warranted. The buyer should independently verify square footage, zoning, parking count, equipment condition, and continued restaurant use during due diligence. Rise Above Realty, LLC represents the seller in this transaction.