2316 Owen K Garriott RdEnid, OK 73703

Property Details for 2316 Owen K Garriott Rd

Year built

1960

Lot size

1.97 AC

Property size (Sq ft)

42,000 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0000-12-22N-07W-3-620-00

APU

00001222N07W362000

Description

Westgate Plaza, located at 2316 W Owen K Garriott Rd in Enid, Oklahoma, presents a significant retail or restaurant opportunity. This single-suite, 3,080 square foot building offers exceptional visibility and accessibility at the northeast corner of Owen Garriott Road and Cleveland Street. The property's strategic location provides multiple access points, maximizing convenience for both customers and employees. Situated in Garfield County, this space is ideally positioned within Enid, Oklahoma's vibrant commercial landscape. Enid, the ninth largest city in Oklahoma, boasts a population exceeding 50,000 residents, creating a substantial customer base. The proximity to Vance Air Force Base, approximately three miles away, further enhances the property's appeal and potential for a thriving business. The entire 3,080 square feet is currently vacant, presenting a blank canvas for a new tenant to customize and develop. This prime retail space offers a unique chance to establish a successful enterprise in a well-established and growing community. The property's size and location make it suitable for a variety of retail or restaurant concepts. Interested parties are encouraged to explore the potential of this exceptional commercial property. The zip code is 73703.

• CAP approach

  CAP return

  Valuation

  6%

  $10,022,717

  6.5%

  $9,251,739

  7%

  $8,590,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,734,669

  Geo Method

  $12,734,669

• Alternative Use

  Use

  Valuation

  Residential

  $7,804,188

  Hospitality

  $7,148,594

  Educational

  $5,947,546

  Medical

  $6,152,092

  Retail

  $9,251,739

Location Insight

City

Enid

County

Garfield

State

Oklahoma

Latitude

36.3914

Longitude

-97.907

CBSA code

21420

CBSA name

ENID, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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