NEWAMCO.ORG
Listed by NEWAMCO.ORG
$2,700,000
700 W Main St
Details
Property Type Retail
Sub Type Commercial
Square Footage 11,040
Tenancy Vacant
Acreage 1.420
Prime Hard-Corner CVS: High Visibility, Stand-Alone Site—Ideal Redevelopment or Single-Tenant Use
Marketing description
NEWAMCO offers 1031 READY
Price Reduced - Acquire an 11,040-square-foot former CVS located on a busy corner a mile from The University of Oklahoma campus. The building features a drive-thru and sits on a 1.43-acre lot with an abundance of corner parking, a rarity in Norman. 700 W Main Street sees combined traffic counts of more than 34,000 vehicles per day and has 450+ feet of frontage for prominent signage opportunities on two sides.
0 - Parcel size may present SPLIT PAD opportunity
Investment highlights
- 11,040 SF freestanding retail building sitting on 1.42 acres with ample parking, a drive-thru, and prominent corner signage opportunities.
- The property sits a mile away from The University of Oklahoma on Norma’s main thoroughfare at the doorstep of its Historic Downtown.
- Norman is the thrid-most populous city in the state and the population in a 10-mile radius is expected to rise at an annual rate of 1.3% through 2027.
- The more than 26,000 students enrolled in the university helped keep vacancy rates down during the pandemic, only rising by 0.7% at their peak.
- Food, beverage, apparel, personal items, and entertainment account for $1.3 of the $2.8 billion in annual consumer spending within a 10-mile radius
- Located at a bustling signalized intersection that sees 34,601 vehicles pass by each day and abundant foot traffic
Listing Contacts
NEWAMCO.ORG
Listed by NEWAMCO.ORG
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
