7602 Us-277 Hwy - Storefront FOR SALE


Elgin, OK 73538
$1,550,000 USD
580-678-3778
7602 Us-277 Hwy, Elgin, OK for Sale
$1,550,000 USD
Storefront - FOR SALE
1/9
null | Request Cap Rate

7602 Us-277 Hwy
Elgin, OK 73538


HIGHLIGHTS

  • +The highway (visibility & traffic) +Current stable income (multi-tenant investment) +UPSIDE! (expansion land) +Elgin Location: Fantastic Future

OVERVIEW

Prime Commercial Investment Opportunity with Frontage Building Site Included – Highway 277 Frontage | Elgin, OK Property Highlights: * High-Visibility Location – Situated directly on Highway 277, the primary thoroughfare through Elgin. * Rapidly Growing Market – Elgin is experiencing strong commercial and residential development, attracting national and regional tenants. * ODOT Highway Expansion – Highway 277 is in the final stages of a state-led widening project, which will significantly increase traffic counts, improve visibility, and enhance ingress/egress. * Excellent Accessibility – Property features two double-lane driveways providing easy access to and from Hwy 277. * Strong Surrounding Tenancy – A newly built national auto parts retailer is located immediately east of the property, with a major fuel/convenience store currently under construction to the west. Additional commercial and residential projects are underway to the north. * Established Cash Flow – Four successful, long-standing businesses currently operate on-site. * Expansion Potential – Approximately 3,700 sq. ft. of prime frontage land is available for future development, included with the purchase. * Exclusions – On-site storage facility not included. Seller to retain perpetual easement rights to those units. * Current Opportunity - Sell is considering expanding for a successful franchisee. Investment Summary: This property offers investors the rare combination of stable existing tenants and immediate development upside. With strong surrounding commercial activity, state-funded infrastructure improvements, and prime Hwy 277 frontage, the site is well-positioned to capture the ongoing growth in Elgin.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owl's Nest Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

Hwy Commercial

APN/PARCEL ID

0091126

ASK ABOUT THIS PROPERTY

Brent HulenHulen PropertiesMore Info
580-678-3778

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Brent HulenHulen PropertiesMore Info
580-678-3778

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