0 Willow St Elk City, OK 73644
This exceptional commercial land offering encompasses twelve individual lots totaling 3.53 acres, strategically positioned along Interstate 40 in Elk City, Oklahoma. The property boasts high visibility and convenient access from the interstate, placing it within close proximity to a thriving commercial corridor. Neighboring businesses include hotels, restaurants, fast-food establishments, a Walmart, and a Hobby Lobby, ensuring a high volume of daily traffic and strong consumer presence. The property is zoned RES-NEC, offering a range of development possibilities. With a total square footage of 153,767, this expansive parcel presents a significant opportunity for investors seeking to capitalize on the robust commercial activity in this area. The asking price is $140,000. Note that an additional 8.09 acres of adjoining land is also available for purchase (MLS # 1062244, sold separately). This presents a unique chance to acquire a larger contiguous parcel for expanded development or investment. The property's location in Beckham County, Oklahoma, and its proximity to major retailers and amenities make it an attractive proposition for a variety of commercial ventures.
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.