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226 W Gray St
Norman, OK 73069
Dowell Building · Office Property For Sale
Investment Highlights
- Close to Historic Downtown Norman, Centrally Located
- Street Signage Available
- Covered Parking
- Across from Norman City Hall and walkable to Cleveland County Courthouse
- New Roof in 2022
- Garver Engineering is a Long Term Anchor Tenant
Executive Summary
Opportunity to purchase mid-size office building near Downtown Norman at the corner of Gray & Webster. This property is perfect for an Owner/User or an Investor who can take their time and fill the vacancies because Seller is offering a 2-year master lease.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,916 SF
Building Class
C
Year Built/Renovated
1964/1995
Price
$2,484,733 CAD
Price Per SF
$131.36 CAD
Percent Leased
79%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,458 SF
Slab To Slab
10’
Building FAR
0.78
Lot Size
0.56 AC
Zoning
C2 - General Commercial
Parking
35 Spaces (1.85 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R0024436 | Improvements Assessment | $178,782 CAD |
| Land Assessment | $44,372 CAD | Total Assessment | $223,154 CAD |
Property Taxes
Parcel Number
R0024436
Land Assessment
$44,372 CAD
Improvements Assessment
$178,782 CAD
Total Assessment
$223,154 CAD
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