1525 24Th AveNorman, OK 73072

Property Details for 1525 24Th Ave

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

3,968 SF

Property type

Medical offices

Property subtype

Medical centers

APN

NC29SATEL 1 1002

APU

NC29SATEL11002

Description

This exceptional investment opportunity presents a 3,968 square foot veterinary clinic situated on a 0.43-acre lot at 1525 SW 24th Avenue in Norman, Oklahoma. The property boasts a highly desirable location, conveniently nestled between Highway 9 and Lindsey Street, ensuring excellent visibility and accessibility for clients. This turnkey operation offers a unique dual opportunity: purchase the facility as a standalone investment property, or acquire both the building and the established veterinary practice. The latter option presents a compelling prospect for a veterinarian seeking to establish or expand their practice, potentially through a structured purchase agreement. The existing clinic is well-equipped and ready for immediate operation, minimizing upfront investment and maximizing return. The substantial 3,968 square feet provides ample space for examination rooms, surgical suites, waiting areas, and administrative offices. The 0.43-acre lot offers potential for future expansion or additional development. This property represents a rare combination of a strong location, established business potential, and significant financial upside. The asking price for this exceptional investment is $975,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $707,451

  6.5%

  $653,032

  7%

  $606,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $477,430

  Geo Method

  $477,430

• Alternative Use

  Use

  Valuation

  Residential

  $809,760

  Hospitality

  $741,735

  Educational

  $617,115

  Medical

  $638,339

  Retail

  $959,957

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.1997

Longitude

-97.4759

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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