277 Hwy Elgin, OK 73538
This exceptional 4.5-acre commercial land parcel presents a unique investment opportunity in the thriving Elgin, Oklahoma community. Strategically located on Highway 277, with convenient access to Interstate 44, this property boasts high visibility and excellent accessibility. Currently zoned AG (Agricultural), the land offers significant potential for rezoning to accommodate a variety of commercial uses, subject to local approvals. A significant advantage is the pre-installed water meter, saving time and expense for future development. The asking price is $225,000, translating to a land value of $1.15 per square foot. The area is experiencing robust growth, evidenced by the presence of established businesses such as GNG Storage, Arvest Bank, Subway, and Sonic Drive-In in close proximity. This property's prime location and existing infrastructure make it an ideal site for a diverse range of commercial ventures, from retail establishments to light industrial uses. The ease of interstate access further enhances its appeal to businesses seeking a strategic location to serve a wider market. This is a rare opportunity to acquire a sizable, well-situated commercial lot in a rapidly expanding area. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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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.