527 Main St Norman, OK 73071
- Retail space
- 1,150 SF
- 0.08 lot acres
Current Use by Public Records
- Sound Truck / Trucking Company
Property Details for 527 Main St
- Year built
- 1951
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.08 lot acres
- Property size
- 1,150 SF
- Property type
- Retail space
- APN
- NC29AAAOT 38 14001
- APU
- NC29AAAOT3814001
Description
This exceptional 1,150-square-foot office building, located at 527 E Main Street in Norman, Oklahoma, presents a lucrative investment opportunity. Situated on a 0.08-acre lot, the property boasts a recent, comprehensive renovation. The entire structure was rebuilt from the studs, featuring brand new stucco exterior, electrical system, plumbing, and HVAC. The C1 zoning allows for versatile usage, including retail, restaurant, or continued use as an office space. Ample parking is available, with private parking at the rear and public parking conveniently located in front of the building. The property also includes a fenced backyard offering significant expansion potential. Currently generating income with a lease extending until January 2026, this property offers both immediate return and long-term growth prospects. The building's modern updates and flexible zoning make it an ideal investment for a discerning buyer seeking a well-maintained, income-producing asset in a thriving Norman location. The combination of a strong lease and the potential for future expansion makes this a truly unique opportunity in the Norman commercial real estate market. The property's central location and convenient parking further enhance its appeal to a wide range of potential tenants. This is a turnkey operation ready for immediate income generation.
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
- -97.4369
- Latitude
- 35.224
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
