Elgin OK 1.0 Acre On Commerce Dr Elgin, OK 73538
This ±1.0-acre commercial lot is ideally situated in Elgin, Oklahoma's newest commercial development, east of Interstate-44 and conveniently located off Highway 277. The property is fully prepared for immediate development, boasting readily accessible water, sewer, gas, and electrical lines. Its prime location offers excellent visibility and accessibility, making it an attractive opportunity for a variety of commercial ventures. Nearby established businesses include Rising Eagle Brewery, Hilliary Communications, Burritos Mico's, and Century 21, creating a thriving commercial environment. The lot is zoned for commercial use, ensuring a straightforward path to development. The asking price for this exceptional opportunity is $375,000. This shovel-ready pad presents a unique chance to establish a business in a rapidly growing area with strong existing infrastructure and a vibrant commercial landscape. The property's location offers easy access to major transportation routes, enhancing its appeal to potential businesses seeking high visibility and convenient access for customers and employees. Don't miss this chance to secure a prime piece of commercial real estate in Elgin, OK.
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.