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    277 Hwy Elgin, OK 73538

    For Sale
    $225,000

    4.5 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in the thriving Elgin, Oklahoma community. Strategically located on Highway 277, with convenient access to Interstate 44, this property boasts high visibility and excellent accessibility. Currently zoned AG (Agricultural), the land offers significant potential for rezoning to accommodate a variety of commercial uses, subject to local approvals. A significant advantage is the pre-installed water meter, saving time and expense for future development. The asking price is $225,000, translating to a land value of $1.15 per square foot. The area is experiencing robust growth, evidenced by the presence of established businesses such as GNG Storage, Arvest Bank, Subway, and Sonic Drive-In in close proximity. This property's prime location and existing infrastructure make it an ideal site for a diverse range of commercial ventures, from retail establishments to light industrial uses. The ease of interstate access further enhances its appeal to businesses seeking a strategic location to serve a wider market. This is a rare opportunity to acquire a sizable, well-situated commercial lot in a rapidly expanding area. Serious inquiries are encouraged.

    Property Features for 277 Hwy

    General Information

    Property type
    Land
    Lot Size
    196,020 SF

    HighLights

    • $225,000 asking price for 4.5 acres of commercial land.
    • Located on Hwy 277, Elgin, OK, near I‑44.
    • AG zoning, rezoning possible.
    • Water meter installed.
    • Land value: $1.15/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.2970044
    Latitude
    34.7830662

    Nearby Comparable

    • $4,310,000
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      Land For Sale in Elgin

      4.5 acres of land near I-44 in Elgin, Oklahoma.
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    Nearby Similar for Sale

    • $2,000,000
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      Operating Gas Station with Drive-Thru

      Fully operational gas station with drive-thru, beer cave, and kitchen.
      7759 Us-277, Elgin, OK
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    • $350,000

      Elgin, OK RV Park

      RV park with 14 lots near Lake Ellsworth.
      13 Us-277, Elgin, OK
      View Details
    • $4,310,000
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      Elgin Square Shopping Center

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      13002-13070 Commerce Dr, Elgin, OK 73538
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    FAQs

    What type of property is this?
    Land - 4.5 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 277 Hwy Elgin, OK.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: $225,000 asking price for 4.5 acres of commercial land.; Located on Hwy 277, Elgin, OK, near I-44.; AG zoning, rezoning possible.
    Request Owner's contact information
    277 Hwy Elgin, OK 73538
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    Elgin, OK 73538
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    277 Hwy Elgin, OK 73538
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