Landmark Oklahoma Hospitality Property
Norman, OK
Offered for sale at $3,500,000
At just under 2 acres the property includes the main Inn and several historic cottages along a tree lined street. There are a total of 16 guest rooms and suites and a lovely modern private owner’s home. In addition, included are an undeveloped lot and two family occupied cottages as well as a cottage under renovation waiting for the next owner’s expansion ideas.
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.
A family built, owned and operated business. One owner since its creation. The Inn includes an entire block of a lovely tree lined neighborhood adjacent to the University of Oklahoma. Many of the suites are in older homes purchased over the years of operation of the Inn. The opportunity for growth is evident at every turn. A large vibrant university town minutes from Oklahoma City with many ways to leverage the real property and the hospitality business.
Property Details- 16 Guest Rooms
- 16 Guest Room Baths
- Has Owner's Quarters
- Built in 1994
- Last Renovated in 2020
- Opened in 1994
- Building is 15,833 SQFT
- Lot is 2 Acres
- Photo Gallery
- Property Website
Financial Details- Offered for sale at $3,500,000
- Occupancy Rate: 36
- Average Daily Rate: 229
- Terms: Cash or commercial financing. Full Financials available to qualified buyers.
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