0 Sleepy Hollow Ct Elk City, OK 73644
Exceptional 8.09-acre commercial land parcel ideally situated directly on Interstate 40 in Elk City, Oklahoma. This vacant property, zoned C1, offers 352,400 square feet of development potential at an attractive price of $0.51 per square foot, totaling $179,900. The property's prime location boasts high visibility and accessibility, benefiting from significant traffic volume on I-40. The area is already home to a thriving mix of established businesses including Wawa, Chipotle, Home Depot, IHOP, Panera Bread, Raising Cane's, Motel 6, Sprouts Market, Outback Steak House, Steak 'n Shake, Olive Garden, Longhorn Steakhouse, Marriott Hotels, Hilton Hotels, Cheesecake Factory, Cracker Barrel, Panda Express, Qdoba, Quality Inn, Super 8 Motel, Texas Roadhouse, and Trader Joe's, indicating strong consumer demand and established infrastructure. Across I-40, you'll find additional retail anchors such as Walmart Supercenter, Hobby Lobby, Hampton Inn, Wendy's, Huddle House, and Burger King. This presents a unique opportunity for developers seeking high-traffic exposure and a strong tenant base. The property's size and location make it suitable for a variety of commercial developments. An adjacent 3.53-acre parcel is also available for purchase (MLS # 1014639), offering potential for expansion. This is a rare chance to acquire a significant piece of commercial real estate in a high-growth area.
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
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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.