Commercial Property for Sale in Elk City, Oklahoma

Description

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!

Elk City, Oklahoma

Located in Beckham Co, situated between Oklahoma City and Amarillo, Tx. Interstate 40 (Historic RT 66) runs through Elk City making it a frequent stop for travelers. Over 25,000 tourist travel threw Elk City, Oklahoma each year.

Why do people make Elk City home? Our community is on the smaller side with an estimated 11,600 residents per the 2020 census. You will find, what we like to call, Western Oklahoma Hospitality, everywhere you turn. Elk City locals support the small businesses in the community and are here to lend a helping hand. Elk City offers many local events throughout the year; Home and Garden Expo, Dog Shows, Annual Flea Market, summers in Ackley Park, and a town favorite Christmas in the Park. Elk City offers an airport with a 5,000+ ft runway. Elk City Golf and Country Club is an 18 hole golf course open to the public.

Public Schools

Elk City is home of the Big Elks. Our schools employ top notch educators. Elk City Schools district has 4 schools for pre-k to 12 divided in the grade centers. There are several school districts around Elk City that offer smaller class sizes; Merritt, Sayre, Canute, Hammon to name a few. Elk City also offers a private school option Western Oklahoma Christian School. Every school in our area provides amazing education for our students as well as outstanding extracurricular programs.

Higher Education- Western Technology Center and Southwestern Oklahoma State University Campuses in Weatherford, Sayre, and Burns Flat.

The Stats of Elk City, Oklahoma and Beckham County.

Elk City

Population- 11,600+ 2010 Census

Climate- cold dry winters, hot wet summers (but this Oklahoma the weather is known to change in a minutes notice)

Median Income- Single $28,268 Family $34,383

Beckham County

County Seat- Sayre, Oklahoma

Population- 22,000+ 2020 Census

Geography- According to the U.S. Census Bureau, the county has a total area of 904 square miles, of which 902 square miles is land and 2.1 square miles (0.2%) is water.[4] The county is drained by the North Fork of the Red River and its tributaries: the Timber, Sweetwater, and Buffalo creeks. The northwestern part of the county is part of the High Plains. The rest of the county is part of the Gypsum Hills physiographic region per Wikipedia

Median Income- Single $45,726 Family $57,316.