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317 W Gray St 5,600 SF of Office/Retail Space Available in Norman, OK 73069
HIGHLIGHTS
- 317 W Gray Street is an approximately 4,000-square-foot building at the end of a strip of other storefronts with a 1,600-square-foot outbuilding.
- Features an open plan with three offices, a storage room, a kitchenette, and a private restroom, with plenty of room for customized layouts.
- Centrally positioned near heavy-traffic drivers, such as Norman City Hall, the University of Oklahoma, Sprouts Farmers Market, and more.
- Located a block off Main Street near the heart of Downtown Norman, making this a convenient visit and amplifying foot traffic.
- Supported by a dense retail trade area with total specified consumer spending of $950 million annually within only a 3-mile radius.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,600 SF | 2-10 Years | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $93,806 CAD/YR $7,817 CAD/MO | Modified Gross |
1st Floor
4,000-square-foot retail storefront building with a 1,600-square-foot outbuilding. The main building features three offices, a storage room, a kitchenette, and a private restroom, with plenty of room for customized layouts. The main building is an end-cap of a strip of storefronts, maximizing its exposure to passersby.
- Listed rate may not include certain utilities, building services and property expenses
- Mostly Open Floor Plan Layout
- Fits 14 - 45 People
- 3 Private Offices
- Private Restrooms
- Secure Storage
- End-Cap of a Strip of Storefronts
- 1,600-SF Outbuilding Included
- Parking Stalls in Front
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
MATTERPORT 3D TOUR
317 W Gray St
PROPERTY FACTS
| Total Space Available | 5,600 SF | Gross Leasable Area | 5,600 SF |
| Property Type | Retail | Year Built | 1960 |
| Property Subtype | Storefront | Parking Ratio | 2.68/1,000 SF |
| Total Space Available | 5,600 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 5,600 SF |
| Year Built | 1960 |
| Parking Ratio | 2.68/1,000 SF |
ABOUT THE PROPERTY
Set up shop at the home of The Sooners with a storefront near the center of Norman, Oklahoma, with this exclusive opportunity presented by ROI Real Estate. Spanning 4,000 square feet of gross leasable area, 317 W Gray Street is a sizable building that can accommodate a wide range of businesses, and a 1,600-square-foot outbuilding provides additional optionality. The interior of the main building currently has three offices, a storage room, a kitchenette, and a private restroom, with ample open space for new configurations. 317 W Gray Street is the left end-cap of a strip of storefronts, maximizing its visibility to the roughly 10,000 vehicles that pass by daily and constant downtown pedestrians. Customers can easily stop here with lined parking stalls directly in front of the building, and the neighboring destinations in this node add to this location’s convenience. 317 W Gray Street is less than a mile from Norman’s most well-known economic driver, The University of Oklahoma, placing it only a 15-minute walk from the 34,000-student school. Students and year-round residents alike are drawn to the immediate vicinity as Downtown Norman, Sprouts Farmers Market, City Hall, Andrews Park, and Norman High School are all within a half-mile radius of the property. Demographic data provides a positive outlook on continued growth as the number of households within a 5-mile radius is projected to increase by 5% from 2024 to 2029, after growing by 4.8% from 2020 to 2024.
- Signage
- Storage Space
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
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317 W Gray St
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