McDonald's Restaurants Ltd says 50 jobs will be created if it is given permission for an eat in and drive-through restaurant on Shrewsbury Road.
If approved, it will save Big Mac lovers the current 12-mile round trip that many locals make to the closest restaurant, which is situated next to the A5 in Chirk.
The site where the new branch is planned in Oswestry is part of the former livestock market land, released when the market consolidated onto a smaller portion of its site.
If granted permission it will go up in front of the town's new Morrisons supermarket.
As well as the restaurant there will be parking for 40 vehicles.
The application from the fast food chain, known affectionately to fans as 'Maccies', says the new operation will create the equivalent of 50 full-time jobs – 30 full-time and 35 part-time.
Shropshire Council will decide the application at a future date.
A major development previously planned on the former livestock market land, which would have included a multiplex cinema, fell by the wayside last year when the cinema company pulled out.