Prime Investment Opportunity in Elk City, Oklahoma Discover this 56-unit Americas Best Value Inn, strategically located at the intersection of I-40 and Main Street in Elk City. Spanning 5.3 acres, the property boasts ample truck parking and is within walking distance of a gas station, movie theater, and several restaurants, ensuring convenience for travelers and long-haul drivers alike. Highlights of the Property: Multiple Revenue Streams: A well-established, leased on-site bar. A front-facing restaurant space ready to rent. Expansion Potential: Room to grow within the main building and surrounding acreage. Manager Living Quarters: Two units available with minimal renovation required. Unused Conference Space: Unlock the potential of this large area for events, meetings, or additional amenities. The property has garnered strong reviews for its friendly staff, cleanliness, and value, making it a favored stop. Elk City, home to the National Route 66 Museum, is a business-friendly community strategically located between Oklahoma City and Amarillo, Texas, offering a prime opportunity for savvy investors. Make this dynamic property part of your portfolio today!
Mls | 1144560 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1975 |
Days On Site | 18 |
Listing Provided By | UC OK Sunset Realty & Auctions | Stacey Stricker |
Sq Feet | 21,480 |
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Storys | 2 |
Zoning | Commercial |
Acreage | 5.30 |
State | OK |
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County | Beckham |
City | Elk City |
Zip Code | 73644 |
Area | Beckham |
Listing VS Median (in 73644) | |
Price: $975,000 low | high Med: $250,000 SqFt: 21,480 low | high Med: 1,640 $ / SqFt: $45 low | high Med: $152 On Site: 18 low | high Med: 38.000000 |