Property profile

2801 State Hwy Elk City, OK 73644

OFF-MARKET
Hospitality properties
12,934 SF 2.13 ac lot Built 1981
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Property summary

AI-generated overview

This exceptional 55-room Super 8 by Wyndham hotel presents a lucrative investment opportunity in Elk City, Oklahoma. Situated on a 2.13-acre lot at 2801 E State Hwy 66, this two-story, interior-corridor property boasts 12,934 square feet and offers a compelling combination of established brand recognition and strong operational performance. Built in 1981 and renovated in 2019, the hotel features a spacious lobby and breakfast area, catering to the needs of both business and leisure travelers. Amenities include a guest laundry, business center, and outdoor pool, along with in-room TVs and mini-fridges. Its strategic location directly off I-40 and Historic U.S. Route 66 ensures high visibility and accessibility, benefiting from proximity to the Elk City Regional Business Airport (just 2 miles away), the Old Town Museum, and downtown Elk City. The property's large lot allows ample parking for buses and trucks, a significant advantage given the presence of numerous construction and oil-gas companies in the area that frequently utilize the hotel. Further enhancing its appeal, the property includes an on-site manager's apartment complete with a two-car garage. The hotel operates under a C-2 permitted zoning classification. The asking price is $1,650,000, translating to a price per square foot of $127.57. This turnkey operation offers a rare chance to acquire a well-maintained, high-demand hotel in a thriving market. The property's APN is 0425-13-011-021-0-020-00.

Property profile

Verified
Property type Hospitality properties
Year built 1981
Total area 12,934 SF
Lot 2.13 ac (92,783 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2801 State Hwy Elk City, OK 73644
Elk City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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