2420-2536 Classen Blvd Norman, OK 73071
This exceptional 7.67-acre commercial land parcel presents a unique investment opportunity in Norman, Oklahoma. Located at 2420-2536 Classen Blvd, this C-2 zoned property boasts excellent visibility and frontage on Classen Boulevard, just north of Highway 9 and with easy access to I-35. Its prime location neighbors the University of Oklahoma, benefiting from a large student population (over 28,000 in Fall 2023) and projected significant enrollment growth (20-30% annually). The property's proximity to the University, along with surrounding businesses such as 7-Eleven, Walmart, the Jimmy Austin OU Golf Club, OU's Research Campus, and the National Weather Center, ensures high traffic and visibility. Norman's thriving community and projected population growth to over 150,000 by 2030 further enhance the investment potential. Built in 1983, this site offers substantial development possibilities, situated conveniently north of E. Constitution Street, with the Jimmy Austin OU Golf Club to the west and Classen Blvd to the east. The asking price is $4,200,000. This is an unparalleled chance to capitalize on Norman's robust economic growth and the University of Oklahoma's expanding presence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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