317 W Gray St 5,600 SF Retail Building Norman, OK 73069 $575,000 ($102.68/SF)

Set up shop at the home of The Sooners with a storefront near the center of Norman, Oklahoma, with this exclusive opportunity presented by ROI Real Estate.

Spanning 4,000 square feet of gross leasable area, 317 W Gray Street is a sizable building that can accommodate a wide range of businesses, and a 1,600-square-foot outbuilding provides additional optionality. The interior of the main building currently has three offices, a storage room, a kitchenette, and a private restroom, with ample open space for new configurations. 317 W Gray Street is the left end-cap of a strip of storefronts, maximizing its visibility to the roughly 10,000 vehicles that pass by daily and constant downtown pedestrians. Customers can easily stop here with lined parking stalls directly in front of the building, and the neighboring destinations in this node add to this location’s convenience.

317 W Gray Street is less than a mile from Norman’s most well-known economic driver, The University of Oklahoma, placing it only a 15-minute walk from the 34,000-student school. Students and year-round residents alike are drawn to the immediate vicinity as Downtown Norman, Sprouts Farmers Market, City Hall, Andrews Park, and Norman High School are all within a half-mile radius of the property. Demographic data provides a positive outlook on continued growth as the number of households within a 5-mile radius is projected to increase by 5% from 2024 to 2029, after growing by 4.8% from 2020 to 2024.