Landmark Oklahoma Hospitality Property
Norman, OK
Offered for sale at $1,975,000
At just over half an acre located on a tree lined street, the property includes the main Inn with its indoor and outdoor gathering spaces, and guest parking. There are a total of 10 guest rooms and suites and a lovely modern private owner’s home is also included. The owner’s home is located on a separate lot across the street from the Inn.
Ample parking and outdoor guest space create a getaway in the midst of the action. Guests can walk to the beautiful bustling University of Oklahoma campus and enjoy Central Norman’s thriving and rapidly growing area – Downtown Merchants and Restaurants, Entertainment, Rail District, Norman’s Central Library, Andrew’s Park and a vibrant business community.
This is a family built, owned and operated business. One owner since its creation almost 30 years ago. The opportunity for business growth is evident at every turn. Norman is a large vibrant university town minutes from Oklahoma City with many ways to leverage the real property and the hospitality business. The Inn and owner’s home are priced at $1,975,000.
The sellers own additional properties on the same street that may be available to a buyer.
Property Details- 10 Guest Rooms
- 10 Guest Room Baths
- Has Owner's Quarters
- Built in 1994
- Last Renovated in 2020
- Opened in 1994
- Building is 5,227 SQFT
- Lot is 0.51 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $1,975,000
- Occupancy Rate: 40
- Average Daily Rate: 229
- Terms: Cash or commercial financing. Full Financials available to qualified buyers.
- Prequalify for Financing
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