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    301 Main St Norman, OK 73069

    Sponsored
    For Lease
    $18 SF/Yr ($9,463 /Mo)

    6,309 SF Free-Standing Restaurant

    Lot size:
    6,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional free-standing retail building, located at 301 W Main St in the heart of downtown Norman, Oklahoma, presents a unique investment opportunity. Boasting a substantial 6,309 square feet of vacant space, this single-tenant property is perfectly suited for a restaurant or similar establishment. Built in 1940, the building sits on a 0.16-acre lot and offers ample parking, a significant advantage in a bustling downtown area. The property is zoned CCFB, providing flexibility for a variety of uses. The building's prime location on West Main Street ensures high visibility and accessibility to a large customer base. Its substantial size and convenient parking make it an ideal location for a restaurant seeking a prominent presence in the vibrant Norman community. The property is ready for immediate occupancy, allowing for a swift start to operations. This is a rare opportunity to acquire a well-positioned, sizable retail space in a thriving Oklahoma city. The building's history adds character, while its ample space and parking provide modern convenience. Serious inquiries are encouraged to explore the potential of this remarkable property. The zip code is 73069.

    Property Features for 301 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,309 SF
    Total Rate
    9463.5

    Building Details

    Year Built
    1940

    Unit(s) available at that property

    Space
    Available Suite
    Size
    6,309 SF
    Rate per SF
    $18

    HighLights

    • Planned building renovation, including complete interior demolition to studs.
    • Prime location in Historic Downtown Norman, corner of W Main & Webster.
    • Excellent surrounding businesses: Republic Bank, U.S. Post Office, Benvenuti's, Scratch Kitchen & Cocktails, and others.
    • New roof (2020) with 20‑year warranty; rooftop bar potential.
    • Abundant street parking on W Main Street and nearby side streets.
    • Judy J. Hatfield, Broker/Owner
    Property Profile Location Intelligence

    Current Use by Public Records

    Sooner State Auto ... Shipping Company D5 Architecture Architect Frontrow Technologies Social Services Organization Custard Factory Ice Cream Shop National Tax Search Tax Preparation Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4470515
    Latitude
    35.2197173

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    FAQs

    What type of property is this?
    Individual retail property - 6,309 SF Free-Standing Restaurant
    Where is this individual retail property located?
    The property is located at 301 Main St Norman, OK.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Planned building renovation, including complete interior demolition to studs.; Prime location in Historic Downtown Norman, corner of W Main & Webster.; Excellent surrounding businesses: Republic Bank, U.S. Post Office, Benvenuti's, Scratch Kitchen & Cocktails, and others.
    Request Owner's contact information
    301 Main St Norman, OK 73069
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    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.

    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
    301 Main St Norman, OK 73069
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