13002-13070 Commerce St. - Storefront FOR SALE


Elgin, OK 73538
$4,210,000 USD
580-353-6100
13002-13070 Commerce St., Elgin, OK for Sale
$4,210,000 USD
Storefront - FOR SALE
1/12
null | 6.81% Cap Rate

13002-13070 Commerce St.
Elgin, OK 73538


HIGHLIGHTS

  • Multi-tenant center providing immediate income stability.
  • Completed in 2022 with modern construction standards and ample parking.
  • Anchored by reputable tenants including restaurants, boutiques, and professional services.
  • Highly accessible location near I-44 and Highway 277 with excellent visibility.
  • Positioned within a vibrant retail corridor close to national retailers and community services.
  • Attractive cap rate supported by strong tenancy and established consumer demand.

OVERVIEW

Elgin Square offers an outstanding investment opportunity within one of Elgin’s fastest-growing commercial hubs. This newly constructed retail center, completed in 2022, spans 20,109 square feet and is fully occupied by a robust tenant mix, ensuring immediate income stability for an investor. Current occupants include well-known retailers, restaurants, and service providers such as Rising Eagle Brewery, Eagle’s Lounge, Century 21 Realty, Fee Mue Thai Cuisine, Hillary, SW Driving School, West Wing Boutique, and Burritos Mico, many of which feature outdoor seating options that enhance customer experience. Strategically situated just minutes from I-44 and Highway 277, the center benefits from strong regional accessibility and high traffic flows. Surrounding businesses include nationally recognized brands like McDonald’s, Braum’s, and Arvest Bank, further reinforcing the property’s position in an active commercial corridor. With a cap rate of 6.81% and NOI of approximately $286,710, this property offers predictable cash flow and long-term upside potential. The combination of new construction, zero vacancy, and a desirable tenant lineup makes this center an attractive acquisition for investors seeking stability and growth in Southwest Oklahoma’s expanding retail market.

FOR SALE DETAILS

PRICE

$4,210,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

6.81%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elgin Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

4.96 AC

LAND SF

215,937 SF

ZONING

Commercial

APN/PARCEL ID

103420

ASK ABOUT THIS PROPERTY

Melissa BusseInsight Commercial Real Estate Brokerage, LLCMore Info
580-353-6100

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Melissa BusseInsight Commercial Real Estate Brokerage, LLCMore Info
580-353-6100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.