317 W Gray St - Storefront FOR SALE


Norman, OK 73069- Outer Norman
$575,000 USD
405-561-6631
317 W Gray St, Norman, OK for Sale
$575,000 USD
Storefront - FOR SALE
1/20
null | Request Cap Rate

317 W Gray St
Norman, OK 73069
Outer Norman


HIGHLIGHTS

  • 317 W Gray Street is an approximately 4,000-square-foot building at the end of a strip of other storefronts with a 1,600-square-foot outbuilding.
  • Located a block off Main Street near the heart of Downtown Norman, making this a convenient visit and amplifying foot traffic.
  • Features an open plan with three offices, a storage room, a kitchenette, and a private restroom, with plenty of room for customized layouts.
  • Supported by a dense retail trade area with total specified consumer spending of $950 million annually within only a 3-mile radius.
  • Centrally positioned near heavy-traffic drivers, such as Norman City Hall, the University of Oklahoma, Sprouts Farmers Market, and more.

OVERVIEW

Set up shop at the home of The Sooners with a storefront near the center of Norman, Oklahoma, with this exclusive opportunity presented by ROI Real Estate. Spanning 4,000 square feet of gross leasable area, 317 W Gray Street is a sizable building that can accommodate a wide range of businesses, and a 1,600-square-foot outbuilding provides additional optionality. The interior of the main building currently has three offices, a storage room, a kitchenette, and a private restroom, with ample open space for new configurations. 317 W Gray Street is the left end-cap of a strip of storefronts, maximizing its visibility to the roughly 10,000 vehicles that pass by daily and constant downtown pedestrians. Customers can easily stop here with lined parking stalls directly in front of the building, and the neighboring destinations in this node add to this location’s convenience. 317 W Gray Street is less than a mile from Norman’s most well-known economic driver, The University of Oklahoma, placing it only a 15-minute walk from the 34,000-student school. Students and year-round residents alike are drawn to the immediate vicinity as Downtown Norman, Sprouts Farmers Market, City Hall, Andrews Park, and Norman High School are all within a half-mile radius of the property. Demographic data provides a positive outlook on continued growth as the number of households within a 5-mile radius is projected to increase by 5% from 2024 to 2029, after growing by 4.8% from 2020 to 2024.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

R2

APN/PARCEL ID

R0024473

ASK ABOUT THIS PROPERTY

Allison ReevesROI Real Estate, LLCMore Info
405-561-6631

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Allison ReevesROI Real Estate, LLCMore Info
405-561-6631

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