Auction - REIT Sale | Former Mountain Express 601 S Pocola Blvd Local commercial 280 m² À vendre Pocola, OK 74902 87 553 € (312,68 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 601 S Pocola Blvd in Pocola, Le Flore County, Oklahoma 74902 (the “Property”). Previously occupied by Mountain Express Oil Co. and operated under the name of Tote-A-Poke, the Property is being offered significantly below replacement cost, presenting an attractive opportunity for owner-users or investors to acquire a well-located commercial asset with meaningful value enhancement potential. FIRST BID MEETS RESERVE!
Built in 1983, the one-story, free-standing convenience store/gas station includes ±3,014 square feet of retail space and features a 4-bay car wash, vacuum canopy, and former gas pump canopy. The Property is strategically positioned on a parcel totaling ±1.9311 acres of land with 19 surface parking spaces and can be accessed via several points of ingress/egress. Zoned C, Commercial District, the Property allows for a variety of commercial uses, providing flexibility for redevelopment or alternative tenant types. This former convenience store provides an outstanding opportunity for investors to capitalize on strong market fundamentals, with potential for value-add through long-term lease-up at market rates (CoStar estimates industrial rents at ±$10-13/SF NNN). The three UST totaling 24,000-gallons are currently listed as Temporarily Out of Use, with a removal order issued by the Oklahoma Corporation Commission in a Notice of Violation dated December 17, 2024. VEREIT has filed a variance request to rescind the UST removal order and maintain the system’s “Temporary Out of Use” status until the property is sold, and new tenant is in place.
Pocola is located in Le Flore County in eastern Oklahoma and serves as a strategic commercial node within the region. Positioned south of US-271 (Folsom Blvd) with over 21,000 vehicles passing the area daily, the city offers convenient access to Fort Smith (±10-mi northeast) and Oklahoma City (±190-mi northwest). The Property is prominently situated along Pocola Blvd (OK-112) with ±12,918 vehicles per day at the corner of Faye Avenue, a central corridor in Panama that connects to local neighborhoods, schools, and civic buildings, offering strong visibility and accessibility for retail or service-oriented users. Panama is located approximately 10 miles southwest of Fort Smith, which is the second-largest city in Arkansas and a major regional employment center. Major employers in the area include Baptist Health (formerly Sparks Health System), Mercy Hospital Fort Smith, and University of Arkansas-Fort Smith. Other employers include ABB Motors & Drivers, OK Foods, and Rheem, located within ±15-miles and support manufacturing and industrial employment in the broader Le Flore County area. Within a 10-mile trade area, the population totals approximately ±76,221 residents, with an average household income of over $76,726. The population has experienced 2.57% growth from 2020-2024 with 3.11% growth expected to continue through 2029. Pocola’s strategic location close to industrial and institutional demand drivers in nearby Fort Smith, and its accessible site layout make this Property a strong candidate for repositioning or re-tenanting to serve regional retail or convenience store needs.