East Tecumseh Road, Norman, OK 73026 - Cleveland County

This heavily wooded 120 acres in east Norman, OK is a tract that boasts endless possibilities. Nestled at the corner of 120th street and Tecumseh Rd, this property sits less than one mile from Lake Thunderbird and just 10 miles from downtown Norman. With two different quarter-mile stretches of road frontageone both 120th and another on Tecumsehthis property has the ability to morph into whatever one can dream up. Develop it. Monetize it. Create a play-and-stay golf course oasis with amenities to Lake Thunderbird. Build cabins. Run shuttles to and from the course and the lake. Buy it and hold as an investmentdeer hunt it with your grandkids and then turn it in the future. This ranch is littered with hollows and wet weather creeks, creating natural travel corridors for the wildlife. It has an impressive deer herd, especially when you consider its proximity to downtown Norman. Are you looking for a place capable of hosting an AI data center with immediate access to water? With a water line running diagonal through the property and a substation less than a mile from it, this 120 acres may just be the perfect fit. According to the Norman 2025 Land Use and Transportation Plan, the city will be focusing its efforts to grow both the Suburban and Country Residential areas. It’s the ideal time to develop a Country Estates or your own family compound out by the lake. Zoning: A-2 Rural Agriculture - Includes all of the following: Single family dwellingsPlatting processto developSchoolPlace of worshipAgriculture productionGolf Course/Country ClubPark or playgroundPlant nurserySpecial use can get very creative Additional land may be available, please inquire with Colton if you'd like more than 120 acres. RESERVE: The sellers have established a reserve price of $1,500,000.BIDDING PROCEDURE: The property will be offered via a Sealed Bid Auction with bidding procedures more specifically outlined in the Sealed Bid Packet. The final bids are subject to the Seller’s acceptance or rejection.PURCHASE CONTRACT: With the submission of a Bid(s), each Buyer is required to sign the purchase contract documents in the forms provided in the Sealed Bid Packet. All statements & information in the marketing materials are subject to the terms & conditions of the purchase contract documents. Seller shall not be bound by any statement, promise or inducement that is not contained in the purchase contract documents.BUYERS PREMIUM: N/ADOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing. The down payment may be made in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, & ARE CAPABLE OF PAYING CASH AT CLOSING.DEED: Seller shall be obligated only to convey a merchantable title by Warranty Deed.EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance will be paid by buyer. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, & similar related matters.CLOSING: The closing shall take place 45 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.POSSESSION: Possession shall be at closing, subject to rights of current tenants.SURVEY: A new survey will be obtained only if necessary to record the conveyance or if otherwise deemed appropriate in the Buyer’s sole discretion. If a new survey is obtained, the survey cost will be paid by the Buyer.TRACT MAPS; ACRES: Tract maps and advertised acres are approximations based on existing tax parcel data, legal descriptions &/or aerial mapping data & are not provided as survey products.REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.MINERALS: Seller specifically excepts & reserves all minerals, including without limitation, oil, gas, coal, coalbed methane, & all other hydrocarbons, lignite, & all metallic minerals, etc., if any, associated with the referenced real estate, & the term Property will not include any mineral rights.CONDUCT OF AUCTION: The conduct of the Sealed Bid Auction will be at the direction & discretion of the Auction Company, Seller & its agents reserve the right to preclude any person from bidding if there is any questions as to the person’s identity, credentials, fitness, etc.AGENCY: The Land Doctors Inc, & its’ representatives are exclusive agents of the Seller.DISCLAIMER & ABSENCE OF WARRANTIES: ALL PROPERTY IS OFFERED AS IS, WHERE IS. NO WARRANTY OR REPRESENTATION, STATED OR IMPLIED, IS MADE BY SELLER OR AUCTION COMPANY CONCERNING THE PROPERTY. Prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries & due diligence concerning the property. The information contained in the marketing materials is provided in order to facilitate (and not as a substitute for) a prospective bidder’s pre-auction due diligence. All marketing materials are subject to a prospective bidder’s independent verification. Seller & Auction Company assume no liability for any inaccuracies, errors or omissions in such materials. All sketches & dimensions are approximate.CHANGES / UPDATES: Please refer to for updates or changes.