320 12Th Ave Norman, OK 73071
- Land
- 4.40 lot acres
Current Use by Public Records
- Fantasy Chinese Cuisine / Chinese Restaurant
- Firehouse Subs Crimson Creek / Caterer / Sandwich Shop
- Children's Recovery Center / Mental Health Service / Mental Health Clinic
- Kearns Lauri J MD / Psychiatrist / Doctor
- LibertyX Bitcoin ATM / Atm
Property Details for 320 12Th Ave
- Lot size
- 4.40 lot acres
- Property type
- Land
Description
This exceptional 4.4-acre commercial land parcel in Norman, Oklahoma, presents a unique investment opportunity. Located at 320-334 12th Ave SE, 73071, this property is strategically situated between a fully leased office building and a fully leased retail strip center, offering significant potential for future development. The asking price is $4,500,000, which includes the entire 4.4 acres. Currently, the land generates a 7.5% cap rate based on the income from the adjacent properties. This translates to approximately $375,000 in land value for future development, or roughly $3.57 per square foot. The property is listed as 13,833 square feet, and it's important to note that this parcel cannot be subdivided. This prime location in Cleveland County offers excellent visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The property's strategic positioning between established businesses ensures a high-traffic area, further enhancing its investment appeal. This is a rare opportunity to acquire a significant land holding in a thriving Oklahoma market. Don't miss this chance to secure a valuable asset with substantial growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Norman
- County
- Cleveland
- State
- Oklahoma
- Longitude
- -97.4242
- Latitude
- 35.2149
