716 Sonia Dr
Norman, OK 73072 Outer Norman

$735,000 USD

Land For Sale • 1.25 AC

Property Details

Property Type Land
Lot Size 1.25 AC
Zoning RM-6

30 Transit Score

30 Walk Score

                
                    Highlights
                
                                716 Sonia Drive is a 1.25-acre vacant lot recently rezoned to RM-6, Medium-Density Apartment District, permitting student housing projects. 
                            
                                Ideally poised to serve the University of Oklahoma (OU), boasting a full-time student population of 23,191, with only about 6,300 on-site dorms. 
                            
                                As of Q1 2025, student housing commanded average rates 31% higher than traditional multifamily communities in the OU market, with 3.3% YOY growth. 
                            
                                Located within a five-minute walk of the OU Rugby Field, the Lloyd Noble Center arena, the OU Tennis Club, and the CART student bus line.