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311-315 W Gray St
Norman, OK 73069
Retail Property For Sale
Investment Highlights
- Located in Norman’s core district near civic institutions and downtown amenities.
- Conveniently surrounded by dining, boutiques, and business services, fostering foot traffic.
Executive Summary
This storefront retail property, located along W Gray Street in Norman’s core business district, offers an appealing investment opportunity within a well-traveled urban corridor. The building encompasses approximately 6,000 square feet on a 0.19-acre lot and is currently configured for multiple tenants with 100% occupancy in place. Recent use has focused on small-scale office and retail operations that thrive in this pedestrian-oriented setting.
The site benefits from proximity to the Cleveland County Courthouse, municipal buildings, and central Norman amenities, creating consistent demand from professional and service-oriented users. With frontage along Gray Street, the property enjoys visibility near arterial connections leading to Main Street and Classen Boulevard. Offered for $519,500, this asset provides an affordable entry into Norman’s established retail-commercial environment, supported by steady traffic and robust civic infrastructure.
The site benefits from proximity to the Cleveland County Courthouse, municipal buildings, and central Norman amenities, creating consistent demand from professional and service-oriented users. With frontage along Gray Street, the property enjoys visibility near arterial connections leading to Main Street and Classen Boulevard. Offered for $519,500, this asset provides an affordable entry into Norman’s established retail-commercial environment, supported by steady traffic and robust civic infrastructure.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
C
Year Built
1970
Price
$734,547 CAD
Price Per SF
$122.42 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Lot Size
0.19 AC
Zoning
C2 - Urban General
Parking
8 Spaces (1.33 Spaces per 1,000 SF Leased)
Frontage
60’ on Gray St
Property Taxes
| Parcel Number | R0024472 | Improvements Assessment | $672,780 CAD |
| Land Assessment | $174,763 CAD | Total Assessment | $847,543 CAD |
Property Taxes
Parcel Number
R0024472
Land Assessment
$174,763 CAD
Improvements Assessment
$672,780 CAD
Total Assessment
$847,543 CAD
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