Current Use by Public Records
- Land
Property Details for 2616 20Th St
- Lot size
- 200.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
Exceptional investment opportunity awaits at Elk Creek Ranch, a sprawling 200-acre property situated at 2616 W 20th St, Elk City, OK 73644. This expansive land parcel, zoned for agricultural use, boasts significant frontage along I-40, totaling 4,296 feet, offering unparalleled visibility and accessibility. The property includes three parcels and features two substantial barns, a common-use building, and a separate storage building, providing ample space for various uses. Currently utilized for cattle farming, the absence of zoning restrictions unlocks a multitude of development possibilities. Infrastructure is well-established, including three-phase electric power, city utilities, and a well-maintained internal road system. An existing oil and gas lease contributes to the property's income potential. While a portion near the creek falls within a flood zone, the majority of the land is unaffected. Elk City's robust economy, driven by diverse sectors including petroleum, agriculture, wind energy, and healthcare, projects a 42% job growth surge within the next decade, making this a compelling investment prospect. This unique offering presents a rare chance to acquire a substantial land holding with significant development potential in a thriving Oklahoma community.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elk City
- County
- Beckham
- State
- Oklahoma
- Longitude
- -99.4369
- Latitude
- 35.3929
