702 S Lahoma Ave - Dormitory FOR SALE


Norman, OK 73069- Outer Norman
$2,250,000 USD
405-788-1708
702 S Lahoma Ave, Norman, OK for Sale
$2,250,000 USD
Dormitory - FOR SALE
1/58
null | Request Cap Rate

702 S Lahoma Ave
Norman, OK 73069
Outer Norman


OVERVIEW

Situated just off the University of Oklahoma campus, 702 S Lahoma Ave presents a unique opportunity to own a large-scale, purpose-built fraternity house in the heart of Norman. Spanning 10,348 square feet across three stories, the property is currently configured with 22 individual rooms, shared restrooms on each level, a fully finished basement, and a full commercial-grade kitchen ideal for large-scale meal prep and service. Common areas throughout the building offer ample space for gatherings, meetings, and events, while the basement adds versatile space for recreation, storage, or additional programming. The property’s proximity to campus makes it highly walkable and appealing to students, faculty, and Greek organizations alike. With its existing layout and infrastructure, the building is well-positioned for continued use by fraternities or sororities, or for adaptive reuse as group housing, student living, or a private dormitory-style investment.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

22

PRICE/UNIT

$102,273

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Fraternity House

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

R-1

APN/PARCEL ID

R0023207

ASK ABOUT THIS PROPERTY

Brent HollidayKW CommercialMore Info
405-788-1708

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Brent HollidayKW CommercialMore Info
405-788-1708

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