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700 W Main St
Norman, OK 73069
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 700 W Main Street is a 11,040 SF freestanding retail building with ample parking, a drive-thru, and prominent signage opportunities.
- $2.8B in annual consumer spending within a 10-mile radius, and the building stands to gain much of that exposure with traffic counts of 34,601 VPD.
- Ownership is very keen on strong credit leasing opportunities. Contact Randall Perry for more details.
- The former CVS is at a bustling corner with ample parking, a rare luxury in Norman, a mile from The University of Oklahoma campus.
- The more than 26,000 students enrolled in the university helped keep vacancy rates down during the pandemic, only rising by 0.7% at their peak.
EXECUTIVE SUMMARY
Price Reduced - Acquire an 11,040-square-foot former CVS located on a busy corner a mile from The University of Oklahoma campus. The building features a drive-thru and sits on a 1.43-acre lot with an abundance of corner parking, a rarity in Norman. 700 W Main Street sees combined traffic counts of more than 34,000 vehicles per day and has 450+ feet of frontage for prominent signage opportunities on two sides.
o - Parcel size may present SPLIT PAD opportunity
o - 1031 READY
o - Parcel size may present SPLIT PAD opportunity
o - 1031 READY
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,040 SF
Building Class
B
Year Built
1996
Price
$2,700,000
Price Per SF
$244.57
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.43 AC
Zoning
AC9 - Urban Commercial
Parking
51 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | R0032823 | Improvements Assessment | $178,897 |
| Land Assessment | $39,644 | Total Assessment | $218,541 |
PROPERTY TAXES
Parcel Number
R0032823
Land Assessment
$39,644
Improvements Assessment
$178,897
Total Assessment
$218,541
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