Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2141/ Marcus & Millichap and RI Marketplace are pleased to present a vacant, freestanding retail opportunity located at 401 Regional Drive in Elk City, Oklahoma. The Property, formerly occupied by Aaron’s, is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with value enhancement potential at a significant discount. FIRST BID MEETS RESERVE! Built in 2014, the Property contains a one-story, free-standing, retail building totaling ±7,000 square feet. The Property spans ±1.16 acres, includes 34 surface parking spaces, and offers easy access from Regional Drive. It is strategically located in a prime retail corridor along Interstate 40, with high visibility to 24,000 vehicles per day. The offering is shadow anchored by the only Walmart within a 30-mile radius with 2.1 million visits per year. Other strong tenants in the immediate area include Walmart, Hobby Lobby, Starbucks, Huddle House, Burger King, and many more. The Property benefits from C-2, Highway Commercial zoning with flexible uses permitted including retail, restaurant, financial, and office. Elk City, Oklahoma, is a strategically positioned community in western Oklahoma, situated along historic Route 66 and easily accessible via Interstate 40. Located approximately 110 miles west of Oklahoma City and 150 miles east of Amarillo, Texas, Elk City serves as a regional hub for retail, logistics, energy, and agriculture within a multi-county trade area. The local economy is heavily influenced by the oil and gas industry, with a number of energy companies and service providers operating in the area. As of 2024, the Property’s demographics have ±12,951 individuals residing within a 5-mile radius, with an average household income of ±$65,192.