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    Tonhawa St Norman, OK 73069

    For Sale
    $3,322,598

    Established 10-room hotel, owner's home included.

    Property size:
    15,833 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional opportunity presents a rare chance to acquire an established, 10-guest-room hotel in the heart of Norman, Oklahoma. The property, situated on a tree-lined street in downtown Norman, boasts a nostalgic design seamlessly blended with modern amenities, catering to leisure, business, and university travelers seeking a unique experience. The main inn features indoor and outdoor gathering spaces, ample guest parking, and is complemented by a separate, modern owner's home located on a nearby lot. The hotel's prime location offers easy access to the University of Oklahoma campus, the vibrant downtown area, including numerous restaurants, shops, and entertainment venues, as well as Andrew's Park and the Central Library. The property encompasses just over half an acre and includes nine additional buildings also available for purchase. The main inn and owner's home are priced at $1,975,000, while the nine additional properties are offered at $1,347,000. The total package, including all ten properties, is priced at $3,322,598. This family-owned and operated business, established nearly 30 years ago, presents significant potential for growth and expansion within Norman's thriving and rapidly growing university town setting, just minutes from Oklahoma City. Detailed financial information is available upon request with a signed Non-Disclosure Agreement. The property's 15,833 square feet offers a unique blend of hospitality and investment potential.

    Property Features for 0 Tonhawa St

    General Information

    Property type
    Hotels
    Square Feet
    15,833 SF

    Building Details

    Buildings
    9

    HighLights

    • Rare investment opportunity in Norman, OK with significant growth potential.
    • Multiple properties available, individually or as a portfolio.
    • Financial details available upon request and NDA execution.
    • Co‑listed by Dianne Klein, Metro Brokers‑Siano & Co., 405‑203‑2511, [email protected]
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.44930255
    Latitude
    35.22081154

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    FAQs

    What type of property is this?
    Hotel - Established 10-room hotel, owner's home included.
    Where is this hotel located?
    The property is located at Tonhawa St Norman, OK.
    What is the asking price?
    The asking price for this property is $3,322,598.
    What are key features of this property?
    This property features: Rare investment opportunity in Norman, OK with significant growth potential.; Multiple properties available, individually or as a portfolio.; Financial details available upon request and NDA execution.
    Request Owner's contact information
    Tonhawa St Norman, OK 73069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Tonhawa St Norman, OK 73069
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