Well-located two-suite commercial office building offering a strong combination of stable income and future flexibility. Office suite 901 is currently occupied with a lease in place with annual rent escalations through April 2029, providing reliable long-term cash flow. Office suite 909 is vacant and ready for immediate occupancy, creating an excellent opportunity for an owner-user or for leasing to an additional tenant to increase returns. Lease rate for office suite 909 is $19/SF. The property features a functional office layout suitable for a variety of professional uses, with convenient on-site parking and easy access for clients and staff. Located in an established Norman business area off 24th Ave SW with close proximity to major roadways, retail, and services, this property offers both visibility and accessibility. Ideal for investors seeking partial occupancy income or owner-operators looking to offset expenses with an in-place tenant, this property is both aesthetically pleasing as well as appealing to a variety of business types.
| MLS # | 1214683 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 2004 |
| Days On Site | 188 |
| Listing Provided By | 828 Real Estate LLC | Chrystal Raprich |
| SQ Feet | 5,031 |
|---|---|
| Story(s) | 2 |
| Parking Features | Concrete |
|---|
| Okc Tax Amount | 15417.0000 |
|---|---|
| Tax Block | 15 |
| Tax Lot | 3 |
| State | OK |
|---|---|
| County | Cleveland |
| City | Norman |
| Zip Code | 73069 |
| School District | Cleveland |
| Listing VS Median (in 73069) | |
Price: $1,150,000 low | high Med: $279,950 sqft: 5,031 low | high Med: 1,611 $ / sqft: $229 low | high Med: $174 On site: 188 low | high Med: 55.5 | |
| State | OK |
|---|---|
| County | Cleveland |
| City | Norman |
| Zip Code | 73069 |
| School District | Cleveland |
| Listing VS Median (in 73069) | |
Price: $1,150,000 low | high Med: $279,950 sqft: 5,031 low | high Med: 1,611 $ / sqft: $229 low | high Med: $174 On site: 188 low | high Med: 55.5 | |