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    24Th Ave Norman, OK 73071

    Sponsored
    For Sale
    $1,348,618

    Prime Norman location, C-2 zoning, excellent access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.74-acre commercial land parcel presents a unique investment opportunity in Norman, Oklahoma. Located at the intersection of E. Imhoff and 24th Avenue SE, this property boasts a desirable C-2 General Commercial zoning designation, allowing for a wide range of development possibilities. The land itself offers a level terrain, simplifying construction and site preparation. Priced at $1,348,618, or $4.18 per square foot, this represents a compelling value given its strategic location and size. The site enjoys convenient access to Highway 9 East and Classen Boulevard, providing excellent visibility and connectivity. Furthermore, it's situated just one mile from E. Lindsey Street, a major thoroughfare. The surrounding area is characterized by established businesses and institutions, including Hitachi, Reagan Elementary School, a mini-storage facility, a US Postal Training Center, and a Marriott Hotel, indicating a strong and diverse commercial environment. Note that the net area, exclusive of a 50-foot right-of-way, is 6.653 acres. This property is ideal for developers seeking a prime location for a variety of commercial ventures in a thriving Oklahoma community. The 73071 zip code further underscores the property's location within a well-established and accessible area of Norman.

    Property Features for 0 24Th Ave

    General Information

    Property type
    Land
    Lot Size
    337,154 SF

    HighLights

    • Level site.
    • Excellent access to Hwy 9 East and Classen Blvd.
    • One mile from E. Lindsey Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.405864
    Latitude
    35.1897259

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    FAQs

    What type of property is this?
    Land - Prime Norman location, C-2 zoning, excellent access.
    Where is this land located?
    The property is located at 24Th Ave Norman, OK.
    What is the asking price?
    The asking price for this property is $1,348,618.
    What are key features of this property?
    This property features: Level site.; Excellent access to Hwy 9 East and Classen Blvd.; One mile from E. Lindsey Street.
    (405) 826-7975
    Request Owner's contact information
    24Th Ave Norman, OK 73071
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    24Th Ave Norman, OK 73071
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