This property is up for an online auction. Bidding will take place now through September 17, 2026 at 2pm CT.
Located at 1221 N. Grady Street in Altus, this distinctive 3,134± square-foot commercial building on approximately 0.47 acres offers an exceptional opportunity for a restaurant operator, investor, or entrepreneur looking for an established food-service location with extensive commercial infrastructure already in place.
Originally used as an office and automobile sales location, the property underwent a major transformation, with construction of the restaurant completed in 2014. The building now features multiple dining areas, a commercial kitchen, customer restrooms, serving and reception areas, office space, and an abundance of character throughout.
The interior immediately stands out with its brick arch accents, colorful Talavera tile reportedly imported from Tonalá, Jalisco, Mexico, ceramic tile flooring, hand-painted decorative elements, and custom finishes. One dining area features an electric fireplace surrounded by Talavera tile along with hand-painted mural tilework. A custom wood front counter, decorative entry door imported from Mexico, and other architectural details give the property a unique identity that would be difficult to duplicate.
The commercial kitchen is equipped with substantial restaurant infrastructure, including a 15-foot CaptiveAire stainless-steel commercial vent hood with dual exhaust, fire-suppression system and make-up air, six-burner Vulcan commercial gas range, commercial convection oven, three-compartment sink with drainboards, handwashing sink, stainless-steel work tables, commercial freezer, dry-storage shelving, mop sink, and an attached outdoor walk-in cooler/freezer combination. The kitchen also includes dedicated HVAC and space for additional equipment such as a dishwasher.
The building’s mechanical and utility improvements are another major feature. Electrical service includes a reported 400-amp, three-phase main service, providing capacity that may accommodate future operational needs or expansion, subject to buyer verification. HVAC consists of multiple systems serving the dining areas, restrooms, and kitchen, including two 5-ton package units, a 5-ton split system, and a mini-split system. Plumbing improvements were completed in the kitchen and customer restrooms, with plans reportedly available. A substantial concrete and reinforced approximately 350–400-gallon, three-compartment grease trap is also in place.
Construction includes concrete-block exterior walls with reinforced sections, a deep foundation, exterior hard-stucco finish, and numerous improvements made during the restaurant conversion. Outside, the property offers paved parking reported to accommodate approximately 45–50 vehicles, front and rear signage locations, decorative window protection, ceramic planters, and a clay-tile-covered entrance.
Location is one of the property’s strongest advantages. Positioned near Falcon Road, a primary route serving Altus Air Force Base, the property sits within an established commercial area surrounded by shopping and other traffic generators. It is also approximately two blocks from the Altus reservoir/lake area, providing additional visibility and potential customer traffic.
With its commercial kitchen infrastructure, extensive mechanical improvements, distinctive dining spaces, established restaurant layout, and central Altus location, this property offers a tremendous head start compared with converting a traditional commercial building into a restaurant.
3,134± SF | 0.47± Acres | Commercial Kitchen | Multiple Dining Areas | 400-Amp Three-Phase Electrical | Walk-In Cooler/Freezer | Paved Parking | High-Traffic Altus Location