2211 West Main St Norman, OK 73069
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Retail property with significant value-add potential in Norman, Oklahoma.
Property size:
83,073 SFLot size:
6.22 AcresProperty Features for 2211 West Main St
General Information
- Size
- 83,073 SF
- Lot size
- 6.22 Acres
Source:
Moodyscre
Listing Agency: STRIVE Listing Agent: Hudson Lambert
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Value-Add Retail Opportunity
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
Insight Report
Location Intelligence
Current Use by Public Records
Big Lots
Furniture & Home Goods
Similar Places Nearby
Parkway Plaza Shopping Center, Main District Norman, Peppertree Plaza, Carriage Plaza Shopping Center, Merkle Creek Plaza
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4749462
- Latitude
- 35.2196805
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 St Norman, OK.
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.
