Versatile Commercial Space on
For Lease
Contact for pricing
938 N Flood Ave, Norman, OK 73069
2800 SF commercial space suitable for retail, bar, or office.
Space SizeContact for details
Property Size4,600 SF
Days on Market830
Property Features for 938 N Flood Ave
General Information
Standard status
Active
Size
4,600 SF
Class
C
Total Parking Spaces
35
Property subtype
Retail, Office, Restaurant
Lease Type
NNN
Building Details
Building Size
4,600 SF
Year Built
1974
Tenancy
Single
Listing Agency:
MK Partners Inc.
(405) 417-1872
Listed By:
Taylor Hines · License #OK 203402
Source:
Crexi
Added: May 22, 2024
Changed: Aug 17
Last Checked: Aug 28 at 5:09PM
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 MK Partners Inc.
Investment Insights
Based on property information with market context.
The south suite at 938 N. Flood Ave offers 2800 square feet of commercial space, previously occupied by Oklahoma Axe Factory. The space is suitable for various commercial uses. An additional 1800-square-foot suite on the north side of the building is available and can be combined to create a contiguous 4600-square-foot space. The property is located on N. Flood Ave, between Robinson Ave and Acres St, providing high visibility and convenient access to downtown Norman and the University of Oklahoma campus. The existing floor plan is adaptable for retail, bar/restaurant, or office use. Updates since 2020 include a new foam roof, 3-phase electric service and a 200 amp panel, a 7.5-ton roof top unit, new plumbing, lights, and interior and exterior paint. The built-out space includes two ADA-compliant bathrooms, one office, a bar area, and two deep storage closets, along with a large open area. The current setup is well-suited for a bar/restaurant or retail space, and could also function as an office with open common areas. The property features a deep parking lot, with an additional large commercial lot in the back also owned by the landlord.
Key Highlights
- Highly visible commercial space on N. Flood Ave, minutes from downtown Norman and OU's campus.
- Versatile 2800 SF space suitable for retail, bar/restaurant, or office use.
- Option to expand with an additional 1800 SF suite for a total of 4600 SF.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
22,481 visits/mo
0.4 miles
Dollar General
Shops & Services
8,071 visits/mo
0.3 miles
Gerber Collision & Glass
Shops & Services
630 visits/mo
0.2 miles
AAMCO Transmissions
Shops & Services
186 visits/mo
0.1 miles
Demographics for 73069, OK
26,464
Population
12,719
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
15.7 sq mi
ZIP Area
1,686
Density / Sq Mi
$55,699
Median Household Income
$34,151
Median Earnings
$1,031
Median Rent
$212,400
Median Home Value
Market
Lease Benchmarks for Norman, OK
$18.75 /SF/Yr
Avg Asking Price
$12–$32 /SF/Yr
Price Range
10,411 SF
Avg Space Size
This space is priced 36% below the average of $18.75 /SF/Yr.
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 2800 SF commercial space suitable for retail, bar, or office.
Where is this retail space located?
The property is located at 938 N Flood Ave Norman, OK.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Highly visible commercial space on N. Flood Ave, minutes from downtown Norman and OU's campus.; Versatile 2800 SF space suitable for retail, bar/restaurant, or office use.; Option to expand with an additional 1800 SF suite for a total of 4600 SF.
