2801 State Hwy Elk City, OK 73644
- Hospitality properties
- 12,934 SF
- 2.13 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 2801 State Hwy
- Year built
- 1981
- Lot size
- 2.13 lot acres
- Property size
- 12,934 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elk City
- County
- Beckham
- State
- Oklahoma
- Longitude
- -99.3714
- Latitude
- 35.4226
