11894 Ok-6 Elk City, OK 73644
This exceptional commercial property in Elk City, Oklahoma, presents a lucrative investment opportunity. Located at the high-traffic intersection of Highways 6 and 152, just outside city limits, this 3.35-acre lot boasts a 4,000-square-foot building, previously used as a successful restaurant. The existing structure comprises two buildings: a 2,800-square-foot main building and a 1,200-square-foot secondary building. The property's versatility allows for various uses, including a restaurant, event center, or even a gas station with a grill, capitalizing on the significant highway traffic. The existing infrastructure includes full hookups for a mobile home, adding to the property's functionality. The asking price is $275,000. This vacant property offers significant potential for entrepreneurs seeking a high-visibility location with ample space for expansion and customization. The property's location at the intersection of two major highways ensures high visibility and accessibility, making it an ideal location for a variety of commercial ventures. The 4,000 square feet of existing building space provides a solid foundation for immediate occupancy or renovation, while the expansive 3.35-acre lot allows for future expansion or the addition of complementary businesses. Don't miss this chance to acquire a prime commercial property in a thriving location. The property is zoned for mixed use, retail, and special purpose. The zip code is 73644, and the address is 11894 OK-6, Beckham County.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.