Share This Listing

Message

929 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

Investment Highlights

  • Opportunity to invest in a sizable lot, zoned for multifamily projects with a conceptual site plan drawn up, on the Southwest side of Flint Hills.
  • Located amid a vibrant retail corridor, with nationally recognized retailers, entertainment options, and nature trails dotting the vicinity.
  • Offers an unparalleled location advantage nestled between major destinations: OKC and the University of Oklahoma, the number one employer in Norman.
  • Within a 2-mile radius, the population rose by 2% since 2020 and is expected to go up 1.5% more by 2029, with an average household income of $97,016.

Executive Summary

Flint Hills, at Founder's Park Boulevard and West Tecumseh Road, presents an excellent opportunity to invest in multifamily land with strong retail options nearby and access to the interstate. This 2.658-acre lot is ideal for a range of multifamily developments, with a conceptual site plan for the Flint Hills Townhouses attached (the buyer will need to conduct their own due diligence to determine the building layout and number of buildable units). Flint Hills is uniquely situated between OKC and OU, just 4 miles from The University of Oklahoma (OU), and 16.9 miles from Downtown Oklahoma City (OKC). OU is the largest employer in the Norman Submarket, adding to the need for convenient housing in the area. The proximity to Interstate 35 enhances this site's ease of access, making it quick and easy to navigate to key destinations.

In the immediate vicinity, future residents can enjoy access to highly rated retailers, including Target, Starbucks, McDonald's, and CVS. Within a 10-minute drive is the esteemed Sooner Mall, Chuy's, Costco, and Walmart Supercenter, giving Flint Hills the upper hand in retail advantages. In addition to the extensive retail, lifestyle amenities such as nature trails and parks are conveniently located within walking distance of the site.

Flint Hills is a significant investment opportunity, not only due to its strategic location, but also because the economy has experienced strong, steady, and affluent population growth. With its unlimited retail options and its position between OU and OKC, Flint Hills is in a highly desirable location for future multifamily development.

Property Facts Under Contract

Price $499,900
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 2.65 AC

1 Lot Available

Lot

Price $499,900
Price Per AC $188,641.51
Lot Size 2.65 AC

2.658 acres of multi-family land at the SW side of Flint Hills

Description

2.658 acres of multi-family land at the SW side of Flint Hills.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
R0190605
Land Assessment
$45
Improvements Assessment
$0
Total Assessment
$45
  • Listing ID: 35415408

  • Date on Market: 4/8/2025

  • Last Updated:

  • Address: Founder's Park Blvd & W Tecumseh Rd, Norman, OK 73069

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}