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    746 Asp Ave Norman, OK 73069

    For Lease
    $10 SF/Yr ($2,890 /Mo)

    Prime Norman location, restaurant-ready, ample parking.

    Lot size:
    3,468 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3,468 square foot retail space, ideally situated on Norman's vibrant Campus Corner, presents a unique investment opportunity. Currently entirely vacant, the property offers flexible tenancy options, with a minimum divisible space of 819 square feet and a maximum contiguous space of 2,649 square feet. Originally constructed in 1920, the building underwent a complete renovation in 2022, ensuring modern amenities and a fresh aesthetic. The C-3 Commercial zoning allows for a wide range of uses, making it particularly well-suited for a restaurant or similar establishment. Ample parking is available for patrons and employees, a significant advantage in a high-traffic area like Campus Corner. The lease rate is $20.00 per square foot, plus NNN charges. This property offers a rare chance to establish a thriving business in a highly desirable and well-established commercial district. Its prime location, recent renovation, and flexible space options make it an attractive proposition for discerning entrepreneurs. The property's size and layout provide significant potential for customization to suit a variety of business needs. Don't miss this opportunity to secure a prominent presence on Norman's Campus Corner.

    Property Features for 746 Asp Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,468 SF
    Total Rate
    2890

    Building Details

    Year Built/Renovated
    1920/2022

    Unit(s) available at that property

    Space
    746 Asp (Building)
    Size
    2,649 SF
    Rate per SF
    $20
    Space
    746 Asp (Patio)
    Size
    819 SF
    Rate per SF
    $10

    HighLights

    • High‑visibility restaurant/retail space on the University of Oklahoma's historic Campus Corner.
    • Prime location at Asp Ave & White Street, north of Boyd and east of Buchanan.
    • Excellent gameday visibility; OU is now in the SEC.
    • Renovated in 2022, formerly Hurts Donut Company.
    • Features a 1,000‑gallon grease trap serviced by Baker Brothers.
    • Abundant parking with a large lot and ample street parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Testosterone OptiGlow Therapy ... Sports Medicine Physician Hurts Donut Company Donut Shop Progressive Car Insurance Insurance Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norman
    County
    Cleveland
    State
    Oklahoma
    Longitude
    -97.4440089
    Latitude
    35.2124764

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    FAQs

    What type of property is this?
    Restaurant - Prime Norman location, restaurant-ready, ample parking.
    Where is this restaurant located?
    The property is located at 746 Asp Ave Norman, OK.
    What is the lease rate?
    The lease rate is $10-$20 SF/Yr.
    What are key features of this property?
    This property features: High-visibility restaurant/retail space on the University of Oklahoma's historic Campus Corner.; Prime location at Asp Ave & White Street, north of Boyd and east of Buchanan.; Excellent gameday visibility; OU is now in the SEC.
    Request Owner's contact information
    746 Asp Ave 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
    746 Asp Ave Norman, OK 73069
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