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Listed by Adam Dye • Engel and Volkers Oklahoma City

$ 729,000

Est. payment | -/mo

12 Beds

12 Baths

4,800 SqFt

Save

$ 729,000

Est. payment | -/mo

Save

12 Beds

12 Baths

4,800 SqFt

Key Details

Property Type Multi-Family

Sub Type More Than 4 Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $151

MLS Listing ID OKC1254863

Style Traditional

Bedrooms 12

Full Baths 12

Construction Status Brick & Frame

Year Built 1960

Annual Tax Amount $3,980

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type More Than 4 Units

Property Description

Positioned on Park Drive in one of Norman's most sought-after locations, just steps from Campus Corner and the University of Oklahoma, this property presents an exceptional opportunity for investors and developers alike. Situated adjacent to the Noun Hotel, the location offers outstanding walkability and immediate access to the restaurants, shopping, entertainment, and campus lifestyle that make this area so desirable. For developers, this 0.38 acre lot offers compelling redevelopment potential. With consecutive record-setting freshman classes at OU, demand for student housing and walkable campus living continues to create exciting opportunities in this highly desirable university market. Surrounded by established restaurants, entertainment, and year-round campus activity, this is a location that simply cannot be replicated. Whether evaluating the property's existing multifamily configuration or exploring future redevelopment possibilities, this offering represents a rare opportunity to secure a property in the heart of Norman's vibrant university district. Surrounded by popular restaurants, shopping, entertainment, and year-round campus activity, this is a location that simply cannot be replicated. Opportunities to acquire land in this highly desirable area are increasingly limited. Buyers are encouraged to conduct their own due diligence regarding zoning, permitted uses, development standards, lot dimensions, utilities, and redevelopment opportunities. For additional information regarding the property and its development potential, please contact the listing agent.

Location

State OK

County Cleveland

Interior

Fireplace N

Exterior

Roof Type Other

Building

Lot Description Campus Area, Corner Lot, Interior Lot

Story 1

Foundation Slab

Architectural Style Traditional

Level or Stories One

Structure Type Brick & Frame

Construction Status Brick & Frame

Schools

Elementary Schools Mckinley Es

Middle Schools Alcott Ms

High Schools Norman Hs

School District Norman

Others

Acceptable Financing As is Condition, Cash, Conventional

Listing Terms As is Condition, Cash, Conventional

Multiple Listing Service of Oklahoma (MLSOK)

Nearby Locations

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+1(405) 830-1632

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434 Park DR #436 Norman, OK 73069