322 W Tonhawa St - Hospitality FOR SALE


Norman, OK 73069- Outer Norman
$1,100,000 USD
646-831-1976
322 W Tonhawa St, Norman, OK for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/1
null | 9.2% Cap Rate

322 W Tonhawa St
Norman, OK 73069
Outer Norman


HIGHLIGHTS

  • Close to University of Oklahoma Campus and downtown

OVERVIEW

A rare opportunity to own an established, purpose-built hospitality business with solid financial history and growth potential. Located in central downtown Norman, this 10 guest room landmark property incorporates nostalgic design with modern amenities that attract today’s leisure, business and university traveler looking for a unique experience. 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. 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 lively college sports scene 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 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 owners home is also available for sale for $550,000. It is located across the tree lined street from the Inn. This is a lovely modern 2,229 square foot home.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$199 USD /SF

# OF ROOMS

10

PRICE/ROOM

$110,000 {currency}

CAP RATE

9.2%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Montford Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1994

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,976 SF

ZONING

CO

APN/PARCEL ID

R0024480

ASK ABOUT THIS PROPERTY

Marco DiDomizioInn AdvisorsMore Info
646-831-1976

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Marco DiDomizioInn AdvisorsMore Info
646-831-1976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.