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Medical Office Space with Three Suites
For Sale
$250,000

1221 Colorado Avenue, Elk City, OK 73644

A divided office layout includes a leased suite and separate building systems for multi-tenant use.

Property Size4,725 SF
Price / SF$52.91
Days on Market15

Property Features for 1221 Colorado Avenue

General Information

Standard status Active
Size 4,725 SF
Property subtype Commercial
Zoning Commercial

Additional Details

Office Units 3
Tenant in Place Yes
Property Use Office

Building Details

Building Size 4,725 SF
Year Built 1965
Buildings 1
Tenancy Multi
Listing Agency: Western Oklahoma Realty II LLC
Listed By: Tyler Harrison · License #148062
Source: Eastwoodrealtygroup
Added: Oct 14 Changed: Oct 26 Last Checked: Oct 26 at 3:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Western Oklahoma Realty II LLC

Rey
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Investment Insights

Based on property information with market context.

This 4,725-square-foot medical office property in Elk City is configured for three suites, with one currently leased. The building was constructed in 1965 and has three HVAC units and two utility service setups. A new roof was installed last year.

Located at 1221 Colorado Avenue in Elk City, Oklahoma, the property offers ample parking. Its suite configuration and separate systems support occupancy by multiple tenants.

Key Highlights

  • 4,725 square feet configured as three office suites
  • One suite is currently leased
  • Three separate HVAC units

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Dr. Roy M. ... Physician David Bank, MD Pediatrician T'Leigh's Esthetics Spa & Massage Center Rejuvenate Mod Spa Hair Salon Patterson Family Medicine ... Physician

Suggested Use

Top Pick Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Office units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

375
Businesses Nearby
Under-served
Demand for This Use

Demographics for 73644, OK

14,198
Population
7,256
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
90%
High-School Grad
185.2 sq mi
ZIP Area
77
Density / Sq Mi
$51,774
Median Household Income
$36,620
Median Earnings
$844
Median Rent
$167,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Similar Off Market Nearby

  • Elk Creek Animal Clinic — 1301 Airport Industrial, Elk City, OK 73644

Frequently Asked Questions

What type of property is this?
Medical Office Space - A divided office layout includes a leased suite and separate building systems for multi-tenant use.
Where is this medical office space located?
The property is located at 1221 Colorado Avenue Elk City, OK.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 4,725 square feet configured as three office suites; One suite is currently leased; Three separate HVAC units
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