231 E Gray Street Norman, OK $ 500,000
231 E Gray Street
$ 500,000
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231 E Gray Street

Norman, OK, 73069
$ 500,000
Bedrooms-- Baths-- Sq 2,616

Monthly Estimate*

$ 3,157

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Commercial Property for sale in Norman, OK

for $500,000. This 2,616 square foot building was built in 1960 on a lot size of 0.160009.

Located at the corner of a key intersection in the heart of Downtown Norman, offering high visibility and accessible location in one of the city’s most active and desirable areas. Its corner positioning provides strong frontage and exposure, making it an ideal site for a variety of commercial or mixed-use opportunities. Gray Street has recently been fully reconstructed by the City, featuring new sidewalks, updated lighting, improved drainage, and reconfigured street parking. These upgrades have enhanced both the functionality, value and appeal of the corridor, supporting increased foot traffic and long-term investment in the surrounding area. The property is currently zoned C-3 commercial, allowing for a wide range of uses. This site also presents an opportunity for a mixed-use concept through rezoning, aligning with the continued evolution and momentum of Downtown Norman. Just minutes from Campus Corner, the University of Oklahoma, and a growing mix of local businesses, 231 East Gray Street is well-situated for an owner or investor looking to be part of the next phase of Downtown Norman growth.

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Commercial Active

Price

$ 500,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.160009

Year Built

1960

Town/City

Norman

County/Region

Cleveland

MLS | Web ID

1242282

Features
General
Sewer Public Sewer
Cooling Central Elec
Zoning Commercial
Year Built 1960
Electric Public
Stories Count 1
Property Subtype Office
Accessibility Accessible Common Area Accessible Entrance Accessible Hallway(s)
County Cleveland
Property Type Commercial Sale
Status Active
Directions Corner of Gray St. and Crawford St.
City Norman
Lot Size Square Feet 6970
Standard Status Active
Tax Lot 15 & 16
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Exterior
Water Source Public
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Internal Only
Street Number 1 231
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* Excluded Features
List By
Morgan Duke

Listing Agent

Heather & Company Realty Group

Broker

(405) 210-6436

Phone

Affordability Calculator

$3,157
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
304713 Elementary School
304843 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2026$500,000 Listed Price

Map


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231 E Gray Street, Norman, OK, 73069 is a Commercial Property for sale at $500,000 with 2,616 sqft and a lot size of 0.160009. 231 E Gray Street was built in 1960. The property's zip code is 73069 which is in Norman, OK