303 Peters AveNorman, OK 73069

Property Details for 303 Peters Ave

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

3,382 SF

Zone code

R2

Property type

Office buildings

APN

NC29AAAOT 11 1003

APU

NC29AAAOT111003

Description

This single-tenant office building, located at 303 S Peters Ave, Norman, OK 73069, offers 3,849 square feet of space in a Class B building constructed in 1958 and extensively renovated in 2019. The property features a modern, updated façade and interior finishes, creating a sleek and professional environment. Situated near the Cleveland County Courthouse, this one-story building benefits from a highly visible and prestigious location. Currently, there are 208 square feet of vacant space available. The building is zoned C-2 and offers ample parking on the east side. Common area janitorial services are included. Available suites range in size from 245 to 1,848 square feet, with varying lease rates. Specific suite sizes and lease rates are available upon request. The cross streets are E Eufaula St and S Crawford. This property presents a unique opportunity for businesses seeking a sophisticated and well-appointed office space in the heart of historic downtown Norman. The building's convenient location and premium amenities make it an ideal choice for a variety of professional uses.

• CAP approach

  CAP return

  Valuation

  6%

  $602,974

  6.5%

  $556,591

  7%

  $516,835

• Comparable approach

  Method

  Valuation

  Relative Method

  $406,922

  Geo Method

  $406,922

• Alternative Use

  Use

  Valuation

  Residential

  $690,173

  Hospitality

  $632,195

  Educational

  $525,979

  Medical

  $544,068

  Retail

  $818,189

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2196

Longitude

-97.4403

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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