For Sale
$289,500

527 Main St Norman, OK 73071

1,150 SF, Fully Leased, Updated

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 1,150-square-foot commercial property, located at 527 E Main St in Norman, Oklahoma, presents a compelling investment opportunity. Currently operating at 100% occupancy with a single tenant under a two-year lease commencing November 8, 2023, and expiring January 8, 2026, this property offers immediate cash flow. The building, constructed in 1951 and extensively renovated in 2022, boasts a Class C designation and is zoned C-1, allowing for a variety of uses. The interior has been completely remodeled, featuring updated electrical, plumbing, and HVAC systems, along with a fresh stucco exterior. The versatile space is ideal for retail, restaurant, or traditional office applications. Ample parking is available, with private parking in the rear and public parking directly in front of the building. A fenced backyard provides additional parking or storage space. This single-story, 1-unit building offers a rare combination of updated amenities, convenient location, and strong lease terms, making it an attractive investment in the thriving Norman market. The asking price is $289,500.

Highlights

  • $289,500 asking price.
  • 1,150 SF, Class C office/retail building.
  • Single-tenant, 100% occupied.
  • 2-year lease commencing November 8, 2023, expiring January 8, 2026.
  • Completely renovated in 2022 (new stucco, electrical, plumbing, HVAC).
  • Located at 527 E Main St, Norman, OK 73071, in a C-1 zoned area.

Property Details for 527 Main St

Property type
Retail properties, Office properties
Square Feet
1,150 SF
Class
C
Year Built/Renovated
1951/2022
Buildings
1
Stories
1
Units
1

Location Insight

City
Norman
County
Cleveland
State
Oklahoma
Latitude
35.2239145
Longitude
-97.4367901

FAQs

What type of property is this?
Retail property - 1,150 SF, Fully Leased, Updated
Where is the retail property located?
The property is located at 527 Main St Norman, OK.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: $289,500 asking price.; 1,150 SF, Class C office/retail building.; Single-tenant, 100% occupied.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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527 Main St
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