3301 24th Ave NW

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3301 24th Ave NW

Norman, OK 73069
Asking Price
$642K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spanning 30,675 square feet in Norman.
  • Property offers direct frontage along 24th Avenue NW.
  • Located in a prominent growth corridor near I-35.
  • Site is surrounded by established upscale office buildings.
  • Asking price for the commercial development land is $641,628.

What's Special

Priced at $641,628, this 30,675-square-foot commercial land parcel sits in a major growth corridor of Norman, Oklahoma. The site features frontage along 24th Avenue NW, positioning it within a corridor characterized by upscale office developments. Proximity to Interstate 35 ensures high connectivity to the surrounding region, making it a viable location for businesses requiring regional access. Norman serves as a central hub for the metro area, benefiting from a steady economic base and continued infrastructure investment. Prospective buyers might consider this site for professional services, medical offices, or corporate headquarters that require visibility in an established commercial district. The surrounding environment maintains a professional aesthetic, as the lot is bordered by existing office infrastructure. This land presents a clear development path for investors or business owners seeking a foothold in a thriving suburban market.

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NOI
$80,000
Cap Rate
12.47%
DSCR
2.10
Strong
Cash-on-Cash
21.77%
Monthly Payment
$3,174.425
Annual Cash Flow
$41,906.897

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