This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Scooter's Coffee + Business & Office Building 521 W 3rd St

2,920 SF Retail Building Elk City, OK 73644 $816,754 CAD ($280 CAD/SF)

Investment Highlights

  • PARCEL FLEXIBILITY – Potential to subdivide the lot, allowing for the sale of the office building separately while continuing operations of Scooter’s
  • RENTAL UPSIDE – Maximize income by leasing the vacant office space, which can be configured as a livable unit, an Airbnb, or additional office space
  • HIGH TRAFFIC AREA – The subject property is situated on a large lot and has excellent visibility along U.S Route 66, a major thoroughfare in Elk City
  • SALE-LEASEBACK ADVANTAGE – Capitalize on the option to sell Scooter’s Coffee through a sale-leaseback, enabling the recoup of the initial investment
  • MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years and operates 800+ locations across 30 states
  • PANDEMIC PROOF BUSINESS – Drive Thru Coffee – Scooter’s Coffee is a coffee chain concept that is a majority drive thru business

Executive Summary

Prime Net Lease is pleased to present an exceptional investment opportunity: the fee simple interest in a newly built Scooter’s Coffee and an adjacent two-story office building, both on the same APN.
- Scooter’s Coffee was constructed in 2023, offering a turnkey business for potential owners (new franchisees must get approved by Scooter’s).
- The adjacent office building, built in 1920, currently houses five tenants on the ground floor, with a vacant upstairs unit that can be converted into a live/work space or additional offices.
This unique property delivers dual income potential, combining revenue from both the Scooter’s Coffee shop’s operations and office tenants. Key highlights include:
1. Business and Real Estate Upside: Operate the Scooter's Coffee (reach out to agent for store financials) business while collecting rent from office tenants.
2. Parcel Flexibility: Opportunity to subdivide and sell the office building separately (buyer to verify).
3. Sale-Leaseback Potential: Option to sell the Scooter’s Coffee in a sale-leaseback transaction, recouping initial investment while retaining operational control and cash flow.
4. Upstairs Flexibility: The vacant upstairs unit in the office building includes three bedrooms, living space, and a potential kitchen area. This space can be:
- Rented as an Airbnb (Buyer to verify)
- Used as an owner’s residence (Buyer to verify)
- Converted into additional office space for further rental income
The Property also has excellent visibility and is conveniently situated on a large corner lot along W 3rd Street (also known as U.S Route 66). US Route 66 is a main corridor in the area and sees heavy vehicle traffic on a daily basis. Nationally recognized tenants such as AT&T, Sonic Drive-In, NAPA Auto Parts, Domino’s Pizza, Taco Bell, Pizza Hut and Subway also surround the property, further driving consumers to the area.
This property offers unparalleled flexibility and a diverse set of revenue streams, making it an attractive investment for both real estate and business investors.
Scooter’s Coffee, headquartered in Omaha, NE has close to 800 locations across 30 states. Founded in 1998, Scooter’s Coffee now employs over 110,000 people across its many locations.

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Retail
Building Size
2,920 SF
Year Built/Renovated
1920/2023
Price
$816,754 CAD
Price Per SF
$280 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
0.40 AC
Parking
25 Spaces (8.56 Spaces per 1,000 SF Leased)
Frontage
147 ft on North Oliver Avenue

Nearby Major Retailers

Scooter's Coffeehouse
Legacy Bank
Rent-A-Center
Homeland
InterBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0170-00-012-007-0-000-00
Land Assessment
$8,794 CAD (2023)
Improvements Assessment
$31,476 CAD (2023)
Total Assessment
$40,270 CAD (2023)
  • Listing ID: 33366001

  • Date on Market: 2024-10-01

  • Last Updated:

  • Address: 521 W 3rd St, Elk City, OK 73644

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}