Value-Add Retail
2211 West Main Street, Norman, OK
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Retail property with significant value-add potential in Norman, Oklahoma.
Type:RETAIL
Property size:
83,073 SFLot size:
6.22 AcresPrice / SF:
$70/SF- Added:
- Sep 5, 2025
- Days on Market:
- 261
- Last Refresh:
- Apr 5 at 8:58 pm
Property Features for 2211 West Main Street
General Information
- Standard status
- Active
- Size
- 83,073 SF
- Lot size
- 6.22 Acres
- Property subtype
- RETAIL
Listing agent Hudson Lambert License ##152924 (469) 844-8030
Listing office STRIVE (469) 844-8030
Listing date Sep 5, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of STRIVE
HighLights
- Significant value‑add opportunity: only 55% occupied with a 12.57% pro‑forma cap rate and potential pad opportunity.
- Strategic location: prime retail corridor on West Main Street with over 26,000 vehicles per day, near Sam’s Club, Walmart, and Sooner Mall.
- Below market pricing: priced at only $71/SF with average rent at $7.94/SF.
- Strong economic fundamentals: located in Norman, anchored by the University of Oklahoma (34,000 students), only 1.5 miles from campus.
- Low retail vacancy market: less than 5% vacancy rate.
- Excellent accessibility: proximity to Interstate 35.
Overview
This retail property presents a significant value-add opportunity, currently 55% occupied with a potential 12.57% pro-forma cap rate. Priced at $71 per square foot with average rent at $7.94 per square foot, it is positioned well below market rates. Recent vacancies have attracted attractive backfills across the country. The property benefits from a strategic location on West Main Street, a prime retail corridor experiencing over 26,000 vehicles per day. It is anchored by surrounding retailers such as Sam’s Club, Walmart, and Sooner Mall, with excellent accessibility and proximity to Interstate 35. Located within the Oklahoma City MSA, the area boasts over 122,000 residents within a 5-mile radius, with a projected growth of 5% by 2029. The property is situated 1.5 miles from the University of Oklahoma campus, which has 34,000 students. The property size is 83,073 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Big Lots
Furniture & Home Goods
Similar Places Nearby
- Parkway Plaza Shopping Center — 520 Ed Noble Pkwy, Norman, OK 73072
- Main District Norman — 133 24th Ave NW APT 112, Norman, OK 73069
- Peppertree Plaza — 900 24th Ave NW, Norman, OK 73069
- Carriage Plaza Shopping Center — 2001 W Main St, Norman, OK 73069
- Merkle Creek Plaza — W Main St, Norman, OK 73069
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4749
- Latitude
- 35.2197
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Retail property with significant value-add potential in Norman, Oklahoma.
Where is this shopping center located?
The property is located at 2211 West Main Street Norman, OK.
What is the asking price?
The asking price for this property is $5,895,000.
What are key features of this property?
This property features: Significant value‑add opportunity: only 55% occupied with a 12.57% pro‑forma cap rate and potential pad opportunity.; Strategic location: prime retail corridor on West Main Street with over 26,000 vehicles per day, near Sam’s Club, Walmart, and Sooner Mall.; Below market pricing: priced at only $71/SF with average rent at $7.94/SF.
