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Mixed-Use Property with Paved Parking
For Sale
$3,995,000

1500 Koenigstein Ave, Norfolk, NE 68701

The site is zoned OD under a conditional use permit and includes extensive paved parking.

Property SizeContact for details
Days on Market702

Property Features for 1500 Koenigstein Ave

General Information

Standard status Active
Zoning OD
Listing Agency: Real Estate Solutions Team
Listed By: Russell Wilcox
Source: Exprealty
Added: Oct 21, 2024 Changed: Sep 17 Last Checked: Sep 21 at 11:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate Solutions Team

Investment Insights

Based on property information with market context.

This mixed-use property includes a significant land area and extensive paved parking. The site is currently zoned OD (Office district) under a conditional use permit, establishing its current land-use designation. A portion of the property could be separated for additional development, subject to applicable approvals.

Located in Norfolk, Nebraska, the property is near a large R3 (Multi Family Residential) zone. The existing zoning, conditional use permit, substantial paved parking, and proximity to multifamily zoning support evaluation of mixed-use or multifamily-oriented development concepts. Future development and any rezoning would remain subject to the applicable approval process.

Key Highlights

  • OD (Office district) zoning under a conditional use permit
  • Significant land area with extensive paved parking
  • Near a large R3 (Multi Family Residential) zone

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply HVAC Service Gym & Fitness Center Kitchen & Bath Showroom Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

320
Businesses Nearby

Demographics for 68701, NE

31,257
Population
13,806
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
188.5 sq mi
ZIP Area
166
Density / Sq Mi
$64,862
Median Household Income
$40,713
Median Earnings
$855
Median Rent
$200,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The site is zoned OD under a conditional use permit and includes extensive paved parking.
Where is this mixed-use property located?
The property is located at 1500 Koenigstein Ave Norfolk, NE.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: OD (Office district) zoning under a conditional use permit; Significant land area with extensive paved parking; Near a large R3 (Multi Family Residential) zone
More about this property
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