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901-909 Wall St
Norman, OK 73069
Office Property For Sale
Executive Summary
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. Suite 909 also has a built out 2nd floor to include partial kitchen, full bathroom and private rooms for storage. Due to there not being an emergency exit, this additional 919 SF is not considered office space but a nice bonus feature.
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. Owner would consider lease-only of vacant side as well.
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. Owner would consider lease-only of vacant side as well.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,031 SF
Building Class
B
Year Built/Renovated
2006/2021
Price
$1,250,000
Price Per SF
$248.46
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,975 SF
Building FAR
0.29
Lot Size
0.40 AC
Zoning
C1 - C-1
Parking
10 Spaces (1.68 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Signage
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Number | R0048976 | Improvements Assessment | $83,723 |
| Land Assessment | $25,077 | Total Assessment | $108,800 |
Property Taxes
Parcel Number
R0048976
Land Assessment
$25,077
Improvements Assessment
$83,723
Total Assessment
$108,800
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