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December 6, 2013

Golden Corral building remains vacant

DUNCAN — In November 2012, Duncan’s Golden Corral closed its doors, leaving its building vacant on U.S. Highway 81.

More than a year later, the building still doesn’t have a new business. And it’s not the only building in such a condition. Buildings previously home to Hastings Entertainment and Goodies also remain vacant.

Chris Deal, Duncan Chamber of Commerce and Industry president, said some businesses have shown interest in these buildings, but so far nothing has come of that. Deal said the Golden Corral building is owned by a larger corporation, who wants the next business to take out a 10-year lease on the building.

“There’s been a lot of people who have worked on that,” Deal said about trying to fill the Golden Corral vacancy. “People are looking at it. But no one has signed on it.”

The property lease is reasonable, he said, taking into account its location on U.S. Highway 81 and the size of the building. The building leases for about $40,000, when many similar buildings lease for $60,000 to $70,000.

At the beginning of August, Hastings Entertainment closed after nearly two decades of providing Duncan with movies, books and music. Deal said there has been businesses interested in that building, but nothing has happened so far.

“Ross was interested in that,” he said.

Some of what communities are seeing in their business sections are co-tendency agreements, Deal said. Several businesses go into an area together, similarly to the 82nd area in Lawton, where Target, Academy and PetSmart have all moved in.

He said building areas like Hastings and Goodies would provide ideal locations for these co-tendency leases. But the building owners aren’t usually sold on such leases. Additionally, leasing properties are becoming scarce in Duncan, which drives up the leasing costs on vacant buildings in the higher traffic business areas, including U.S. Highway 81.

“The positive thing is we have  people looking at all these areas,” Deal said.

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4-20 bestinshow - carshow.jpg

Deral Knight of Rockport, Texas, won the Best In Show Award for his 1959 Chevy Corvette, which he first bought for his wife and then later restored to its current mint condition. Knight is a former Duncan resident.

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