220 Madison St Elk City, OK 73644
This exceptional 1.19-acre commercial property boasts 210 feet of frontage on historic Route 66 in Elk City, Oklahoma. The property is conveniently located just one block from downtown, offering unparalleled visibility and accessibility. Currently featuring a vacant 900-square-foot building, this site presents a unique opportunity for redevelopment or repurposing. The property is zoned C1, allowing for a variety of commercial uses. Previous tenants in the area include well-known national brands such as Dollar Tree, Family Dollar, Chick-fil-A, Wawa, Chipotle, Panera Bread, Raising Cane's, Dairy Queen, Whataburger, Chili's, Steak 'n Shake, Five Guys, Panda Express, and Qdoba, demonstrating the strong commercial viability of the location. The asking price is $260,000, translating to $288.89 per square foot. This is a rare chance to acquire a significant piece of Elk City's commercial landscape, offering substantial potential for future growth and return on investment. The single-story building sits on a one-acre-plus lot in Beckham County, Oklahoma, with the zip code 73644. The property is currently vacant, providing a blank canvas for your vision.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.