2500 S Main St - Hospitality FOR SALE


Elk City, OK 73644
$945,000 USD
580-821-4804
2500 S Main St, Elk City, OK for Sale
$945,000 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

2500 S Main St
Elk City, OK 73644


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$47 USD /SF

# OF ROOMS

56

PRICE/ROOM

$16,875 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Americas Best Value Inn Elk City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

146

LAND DETAILS

LAND ACRES

5.3 AC

LAND SF

230,868 SF

ZONING

C1

APN/PARCEL ID

0425-34-011-021-0-023-00

ASK ABOUT THIS PROPERTY

Stacey Carnes-StrickerUnited Country OK Sunset Realty & AuctionsMore Info
580-821-4804

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Stacey Carnes-StrickerUnited Country OK Sunset Realty & AuctionsMore Info
580-821-4804

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