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4090 Classen Blvd
Norman, OK 73071
Land For Sale
·
3.32 AC
Investment Highlights
- Located directly across from future Target development, enhancing retail synergy upon completion.
- High visibility along Classen Boulevard with traffic counts exceeding 20,000 vehicles per day.
- Positioned among national retailers such as Walmart and near multiple QSR brands.
- Strong local demographics with over 89,000 residents and average household income above $75,000 within five miles.
Executive Summary
The site benefits from significant daily traffic counts, including 20,693 VPD on Classen Boulevard and easy access to US-77, just 2.5 miles south of Highway 9 and 5.5 miles from Interstate 35. Proximity to the University of Oklahoma, only 3.5 miles away, adds a substantial base of students, faculty, and staff, reinforcing strong retail demand. Utilities, including water and sewer, are available at the site, further supporting streamlined development potential.
This land offering aligns with operators seeking to position themselves in a major growth market, leveraging large-scale residential development and increasing household incomes within a five-mile radius.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 2 | Total Lot Size | 3.32 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.32 AC |
| Opportunity Zone |
Yes |
2 Lots Available
Lot 1
| Price | $2,278,476 CAD | Lot Size | 1.66 AC |
| Price Per AC | $1,372,575.77 CAD |
| Price | $2,278,476 CAD |
| Price Per AC | $1,372,575.77 CAD |
| Lot Size | 1.66 AC |
Frontage: Positioned closer to the intersection of Classen Boulevard and Cedar Lane Road, offering strong visibility and easy ingress along Classen Boulevard. Proximity: Immediate access to the primary corridor and close to Walmart and future Target
Lot 2
| Price | $1,882,218 CAD | Lot Size | 1.66 AC |
| Price Per AC | $1,133,866.47 CAD |
| Price | $1,882,218 CAD |
| Price Per AC | $1,133,866.47 CAD |
| Lot Size | 1.66 AC |
Frontage: Located just south of the North Lot along Classen Boulevard; offers continuity for retail developers seeking multiple pads. Utility Access: Includes connection to water and sewer per utility map (within overall site footprint).
Description
The property consists of two adjacent commercial pads totaling approximately 3.32 acres, located on Classen Boulevard south of Cedar Lane Road in Norman, Oklahoma. It lies opposite a planned Target store and near other national retailers including Walmart. Access to major routes is available with US Highway 77 adjacent and Interstate 35 located approximately 5.5 miles west. The site is situated roughly 3.5 miles from the University of Oklahoma campus. Water and sewer services are available to the property.
Property Taxes
| Parcel Number | R0067351 | Improvements Assessment | $666 CAD |
| Land Assessment | $49,291 CAD | Total Assessment | $49,957 CAD |
Property Taxes
