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716 Sonia Dr Lot • Terrain commercial • 1,25 Acres • 1 021 062 $ CAD • Norman, OK 73072
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Faits saillants de l'investissement
- 716 Sonia Drive is a 1.25-acre vacant lot recently rezoned to RM-6, Medium-Density Apartment District, permitting student housing projects.
- As of Q1 2025, student housing commanded average rates 31% higher than traditional multifamily communities in the OU market, with 3.3% YOY growth.
- Ideally poised to serve the University of Oklahoma (OU), boasting a full-time student population of 23,191, with only about 6,300 on-site dorms.
- Located within a five-minute walk of the OU Rugby Field, the Lloyd Noble Center arena, the OU Tennis Club, and the CART student bus line.
Résumé de l'annonce
716 Sonia Drive presents a rare opportunity to develop multifamily real estate on the edge of the University of Oklahoma campus.
The 1.25-acre tract was recently rezoned to RM-6, Medium-Density Apartment District, allowing for student housing developments. The site previously had three single-family houses, which have now been demolished, leaving the land in shovel-ready condition. 716 Sonia Drive is surrounded by several other housing options, including the VUE and Avalon, two of the top-rated communities serving OU per Apartments.com, establishing this location as a preferred destination for students.
Located diagonally across from the OU Rugby Field and the university’s indoor arena is behind the field, this is one of the closest development sites to the campus. Students can walk to a Campus Area Rapid Transit Stop (CART) in five minutes, providing an even quicker route to all school facilities. Monthly student rents were reportedly $241 higher on average compared to multifamily rents in the area as of Q1 2025, and that figure typically rises the closer the property is to campus.
The 1.25-acre tract was recently rezoned to RM-6, Medium-Density Apartment District, allowing for student housing developments. The site previously had three single-family houses, which have now been demolished, leaving the land in shovel-ready condition. 716 Sonia Drive is surrounded by several other housing options, including the VUE and Avalon, two of the top-rated communities serving OU per Apartments.com, establishing this location as a preferred destination for students.
Located diagonally across from the OU Rugby Field and the university’s indoor arena is behind the field, this is one of the closest development sites to the campus. Students can walk to a Campus Area Rapid Transit Stop (CART) in five minutes, providing an even quicker route to all school facilities. Monthly student rents were reportedly $241 higher on average compared to multifamily rents in the area as of Q1 2025, and that figure typically rises the closer the property is to campus.
Faits sur la propriété Sous contrat
1 Lot disponible
Lot
| Prix | 1 021 062 $ CAD | Taille du lot | 1,25 AC |
| Prix par AC | 816 849,58 $ CAD |
| Prix | 1 021 062 $ CAD |
| Prix par AC | 816 849,58 $ CAD |
| Taille du lot | 1,25 AC |
This site is approximately 1.25 acres and has been rezoned to RM-6, which will accommodate student housing.
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
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716 Sonia Dr
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