118 s MAIN ST NOBLE OK 73068
About This Property
Marketing description
These two portfolio properties offer a rare opportunity to acquire a high-visibility position in the heart of downtown Noble, Oklahoma. Located along U.S. Highway 77 with approximately 14,000 vehicles per day, the assets provide a compelling combination of immediate income and value-add potential.
Surrounded by accelerating retail and residential growth—including new development anchored by Lowe's and recent openings from McDonald's, Scooter's Coffee, and Smoking Joe's BBQ—the property is well-positioned to benefit from increasing demand in the trade area.
With historic character, flexible redevelopment potential, and proximity to Norman, this offering presents a strategic opportunity for investors or owner-users seeking long-term upside in an emerging downtown corridor.
Investment highlights
Investment Highlights
- Dual-Building Portfolio – Two adjacent downtown Noble properties offering a blend of income and redevelopment potential
- Immediate Cash Flow – In-place tenant generating $500/month with additional upside through lease adjustments or repositioning
- Value-Add Opportunity – Second building (former bar) ready for conversion to retail, restaurant, office, or service use
- High Visibility Location – Positioned along U.S. Highway 77 with approx. 14,000 vehicles per day
- Retail Momentum – New development underway nearby, including a Lowe's, with recent additions such as McDonald's, Scooter's Coffee, and Smoking Joe's BBQ driving increased demand
- Residential & Trade Area Growth – Located just south of Norman, benefiting from population growth and expanding local consumer base
- Historic Character with Flexibility – Built in 1910 & 1930 with no current preservation requirements, allowing renovation, expansion, or redevelopment
- Long-Term Upside – Positioned in an emerging downtown corridor primed for continued revitalization and value appreciation
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