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    687 Commerce St Elgin, OK 73538

    For Sale
    $350,000

    1.5-acre prime commercial lot, Elgin, OK

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.49-acre commercial land parcel in Elgin, Oklahoma, presents a remarkable development opportunity. Located at 687 Commerce St., this property boasts convenient access to I-44 and sits within Elgin's burgeoning commercial hub, near the intersection of US Highway 277 and Commerce Dr., where a new traffic light is planned. The site offers excellent visibility with an estimated 17,000 vehicles passing daily. Priced at $350,000, this represents a competitive $8.03 per square foot for the approximately 65,031 square foot lot (APN: 160105382). Existing utilities (electric, gas, water, sewer) are readily available. The property's zoning permits commercial development, making it suitable for various uses, including retail, restaurants, storefronts, and office spaces. Its strategic location near established businesses like Braum's, Arvest, McDonald's, and more, coupled with its proximity to planned developments such as a medical center and sporting complex, ensures significant future growth potential. Elgin's recent commercial and population growth, fueled by its affordable land and proximity to Lawton/Fort Sill, makes this a compelling investment in a thriving Oklahoma community. This is a rare chance to capitalize on Elgin's upward trajectory.

    Property Features for 687 Commerce St

    General Information

    Property type
    Land
    Lot Size
    64,904 SF

    HighLights

    • Easy access to I‑44.
    • Located in Elgin's burgeoning commercial hub, near US Highway 277 and Commerce Dr.
    • Adjacent to planned medical center.
    • Near planned sporting complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Comanche
    State
    Oklahoma
    Longitude
    -98.2999188
    Latitude
    34.7805404

    Nearby Comparable

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    Nearby Similar for Sale

    • $2,000,000
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      13002-13070 Commerce Dr, Elgin, OK 73538
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    FAQs

    What type of property is this?
    Land - 1.5-acre prime commercial lot, Elgin, OK
    Where is this land located?
    The property is located at 687 Commerce St Elgin, OK.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Easy access to I-44.; Located in Elgin's burgeoning commercial hub, near US Highway 277 and Commerce Dr.; Adjacent to planned medical center.
    (405) 778-3355
    Request Owner's contact information
    687 Commerce St 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
    687 Commerce St Elgin, OK 73538
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