1220 Robinson StNorman, OK 73071

Property Details for 1220 Robinson St

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.63 AC

Property size (Sq ft)

4,163 SF

Property type

Retail space

APN

NC29SONPK 2 1A001

APU

NC29SONPK21A001

Description

This single-tenant, 3,160 square foot retail/office space at 1220 E Robinson St, Norman, OK 73071, presents a compelling investment opportunity. Built in 1997, this one-story building is situated on a highly visible corner lot at the intersection of Robinson and 12th Ave NE, offering excellent exposure to significant traffic. Currently configured as an eyecare clinic, the space is adaptable to a variety of commercial uses. The C-1 zoning allows for flexibility in tenant selection. The property features prominent signage opportunities, including a pole sign and the potential for a monument sign, further enhancing its marketing appeal. The building's total square footage is 3,160 square feet, providing ample space for a range of businesses. Its location in Cleveland County, Norman, Oklahoma, places it within a thriving commercial area. This well-maintained property offers a strong foundation for a successful business venture. The single-tenant occupancy simplifies management and provides a stable income stream. Interested parties are encouraged to explore the potential of this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,091,060

  6.5%

  $1,007,132

  7%

  $935,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,262,248

  Geo Method

  $1,262,248

• Alternative Use

  Use

  Valuation

  Residential

  $849,554

  Hospitality

  $778,186

  Educational

  $647,442

  Medical

  $669,709

  Retail

  $1,007,132

Location Insight

City

Norman

County

Cleveland

State

Oklahoma

Latitude

35.2325

Longitude

-97.4221

CBSA code

36420

CBSA name

OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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