Listing Agency: Berkshire Hathaway HomeServices Ambassador Real Estate Omaha

Listed By: Tami White · License #NE 20160520

Source: Crexi

Added: May 2 Changed: Aug 26 Last Checked: Sep 8 at 4:01AM

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Investment Insights

Based on property information with market context.

This expansive property was formerly an assisted living facility and includes over 30,000 square feet of versatile interior space. The existing layout and infrastructure are designed to support adaptive reuse, making the building well-suited for redevelopment into apartments, a hotel, or office suites.

The property is located at 702 Cedar Ave in Laurel, Nebraska.

For buyers and developers, the scale and flexible design provide a “blank canvas” for reimagining the space to fit different operational concepts, while leveraging the building’s existing framework.

Key Highlights

• Former assisted living facility with a flexible layout and infrastructure
• More than 30,000 SF of versatile commercial space
• Property previously used as an assisted living facility, with layout suited to redevelopment options

Property Analytics

Property Profile

Current Use

Hillcrest Care Center Charitable Organization Hillcrest Care Center ... Nursing Home

Suggested Use

Top Pick Plumbing Service Auto Parts Store Storage Facility Catering Service Pharmacy Kitchen & Bath Showroom

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

140

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 68745, NE

1,523

Population

748

Households

2

Avg Household Size

43

Median Age

35%

College-Educated

94%

High-School Grad

130.5 sq mi

ZIP Area

12

Density / Sq Mi

$68,625

Median Household Income

$40,272

Median Earnings

$713

Median Rent

$188,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this assisted living facilities located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Laurel Elderly Housing — 707 Cedar Ave # 19, Laurel, NE 68745

Frequently Asked Questions

What type of property is this?

Assisted living facility - Large former assisted living facility with a flexible layout and infrastructure totaling over 30,000 square feet.

Where is this assisted living facility located?

The property is located at 702 Cedar Ave Laurel, NE.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Former assisted living facility with a flexible layout and infrastructure; More than 30,000 SF of versatile commercial space; Property previously used as an assisted living facility, with layout suited to redevelopment options