207 Randall AveElk City, OK 73644

Property Details for 207 Randall Ave

Year built

2009

Construction

FRAME

Lot size

0.12 AC

Property size (Sq ft)

1,260 SF

Zone code

C1

Property type

Drive through restaurants

APN

0115-00-009-022-0-001-00

APU

11500009022000100

Description

This exceptional 1,260 sq ft mixed-use property, built in 2009, is situated on a 5,249 sq ft lot at a busy intersection on Route 66 in Elk City, Oklahoma. The single-story building features a successful, established business model as a donut and snow cone shop with two drive-thru windows, offering a turnkey operation for potential buyers. The property's prime location along the historic Route 66 ensures consistent customer traffic, benefiting from both local and tourist patronage. The asking price is $695,000, translating to $551.59 per square foot. The property is zoned for commercial use and presents a unique opportunity for continued operation under the current model or adaptation to suit a new business concept. This established business has served the community for over two decades, providing a strong foundation for future success. The property's location allows visitors to get their Oklahoma Route 66 passport stamped, adding to its appeal and potential for increased tourism-related revenue. This is a rare chance to acquire a piece of Americana along the legendary Route 66. The property's history and location combine to create a compelling investment opportunity in a thriving community. The building is classified as Class C.

• CAP approach

  CAP return

  Valuation

  6%

  $240,465

  6.5%

  $221,967

  7%

  $206,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $382,040

  Geo Method

  $382,040

• Alternative Use

  Use

  Valuation

  Residential

  $187,238

  Hospitality

  $171,509

  Educational

  $142,693

  Medical

  $147,601

  Retail

  $221,967

Location Insight

City

Elk City

County

Beckham

State

Oklahoma

Latitude

35.4121

Longitude

-99.4175

CBSA code

21120

CBSA name

ELK CITY, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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