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Property profile & analytics
OFF-MARKET
Drive through restaurants

207 Randall Ave Elk City, OK 73644-4626

1,260 SF 0.12 ac lot Built 2009
Individually Owned Absentee Owner Free & Clear
Property ID
US69-0866393
Property summary
AI-generated overview

This exceptional 1,260 sq ft mixed-use property, built in 2009, is situated on a 5,249 sq ft lot at a busy intersection on Route 66 in Elk City, Oklahoma. The single-story building features a successful, established business model as a donut and snow cone shop with two drive-thru windows, offering a turnkey operation for potential buyers. The property's prime location along the historic Route 66 ensures consistent customer traffic, benefiting from both local and tourist patronage. The asking price is $695,000, translating to $551.59 per square foot. The property is zoned for commercial use and presents a unique opportunity for continued operation under the current model or adaptation to suit a new business concept. This established business has served the community for over two decades, providing a strong foundation for future success. The property's location allows visitors to get their Oklahoma Route 66 passport stamped, adding to its appeal and potential for increased tourism-related revenue. This is a rare chance to acquire a piece of Americana along the legendary Route 66. The property's history and location combine to create a compelling investment opportunity in a thriving community. The building is classified as Class C.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2009
Construction FRAME
Total area 1,260 SF
Lot 0.12 ac (5,227 SF)
Zoning code C1
APN 0115-00-009-022-0-001-00
UPID US69-0866393
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sixty Six Sweet Spot Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
DAVID L PRICE
DAVID L PRICE
Zoning & alternative use
C1 · Elk City, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source comprehensive plan03242020 pdf
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