226 Tonhawa st - Hospitality FOR SALE


Norman, OK 73069- Outer Norman
$1,200,000 USD
405-826-7975
226 Tonhawa st, Norman, OK for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

226 Tonhawa st
Norman, OK 73069
Outer Norman


OVERVIEW

Located in the heart of Norman. Twenty minutes to uptown Oklahoma City, within walking distance to the University of Oklahoma and ringed by Central Norman's thriving and rapidly growing area - Downtown Merchants and Restaurants Clubs, Rail District, Norman's Central Library, Andrew's Park, and Commercial Properties. Amenities are abundant. Growth opportunity is extraordinary.A rare opportunity to own an established, purpose-built hospitality business. Located in central downtown Norman, this 10-guest room landmark property incorporates nostalgic design with modern amenities that attract today’s leisure, business, and university travelers looking for a unique experience. At just over half an acre on a tree-lined street, the property includes the main Inn with its indoor and outdoor gathering spaces and guest parking. There are 10 guest room suites; also available for sale is a lovely modern private owner’s home. The owner's home is located on a separate lot across the street from the Inn and priced at $550,000. Ample parking and outdoor guest space create a getaway in the midst of the action. Guests can walk to the beautiful bustling University of Oklahoma campus and enjoy Central Norman’s thriving and rapidly growing area – Downtown Merchants and Restaurants, Entertainment, Rail District, Norman’s Central Library, Andrew’s Park, and a vibrant business community. This is a family-built, owned, and operated business. One owner since its creation 31 years ago. The opportunity for business growth is evident at every turn. Norman is a large vibrant university town minutes from Oklahoma City with many ways to leverage the real property and the hospitality business. The Inn and owner's home are priced together at $1,750,000.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$217 USD /SF

# OF ROOMS

10

PRICE/ROOM

$120,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montford Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

UC Urban Commercial

APN/PARCEL ID

R0024480

ASK ABOUT THIS PROPERTY

Gayla ArtmanEquity Commercial Realty Advisors, LLCMore Info
405-826-7975

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Gayla ArtmanEquity Commercial Realty Advisors, LLCMore Info
405-826-7975

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.