1161 36Th AveNorman, OK 73072

  • Banks
  • 27,171 SF
For Sale
$5,250,000 View listing

Property Details for 1161 36Th Ave

Year built
2002
Construction
STEEL FRAME
Lot size
1.36 AC
Property size (Sq ft)
27,171 SF
Zone code
ZN C1
Property type
Banks
APN
NC29SPBK3 1 1001
APU
NC29SPBK311001

Description

This exceptional Norman, Oklahoma office complex presents a unique investment opportunity. Located on a 1.36-acre lot at the highly visible southeast corner of West Robinson and NW 36th Avenue, just west of I-35, this property comprises two office buildings totaling 38,033 square feet. The property boasts a recent appraisal of approximately $6.8 million, offering significant potential for appreciation. The buildings are currently partially occupied, with Armstrong Bank committed to a lease for a minimum of three to five years, providing immediate and stable income. Available office and retail spaces are offered for lease at a competitive rate of $20 per square foot, full service gross (FSG). This prime location provides excellent visibility and accessibility, making it ideal for a variety of businesses. The substantial size and strong tenant base make this a compelling investment opportunity for those seeking a high-return property in a thriving Norman market. The buildings offer a blend of existing tenancy and readily available space for immediate occupancy or future expansion, presenting a flexible and attractive proposition for discerning investors. The property's strategic location near I-35 ensures convenient access for employees and clients alike. This is a rare chance to acquire a well-maintained, high-value office complex in a desirable location.

Location Insight

City
Norman
County
Cleveland
State
Oklahoma
Latitude
35.2324
Longitude
-97.4939
CBSA code
36420
CBSA name
OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$69,746
$77,194
$503,635
$580,829
-
$888,840
$5,798,959
$6,687,799

FAQs

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