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    615 Hazel St Louisville, NE 68037

    For Sale
    $766,000

    7.28 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 7.28-acre commercial land parcel in Louisville, Nebraska, presents a unique investment opportunity. Located at 615 Hazel St, 68037, this property boasts significant highway frontage along Highway 50, offering immediate usability and substantial future development potential. The land is zoned for residential use and features two APNs: 130128775 and 130039179. Its strategic location is poised for significant appreciation due to the state's proposed Highway 50 expansion project, which aims to connect Highway 50 with Highway 66. Upon completion, this property will become a highly desirable corner lot at the intersection of two major highways, opening up a wide range of development possibilities. The asking price is $766,000. This property is ideal for investors seeking a promising development opportunity or those needing a large parcel with ample highway frontage. An adjacent half-acre residential lot is also available. This Louisville gem offers both immediate utility and long-term growth potential. Don't miss this chance to acquire a piece of Nebraska's burgeoning commercial landscape.

    Property Features for 615 Hazel St

    General Information

    Property type
    Land
    Lot Size
    317,117 SF

    HighLights

    • 7.28‑acre commercial land parcel in Louisville, NE, priced at $766,000.
    • Located on Highway 50, offering excellent highway frontage.
    • Zoned residential, presenting significant development potential.
    • Proposed Highway 50 expansion could create a prime corner lot at the Highway 50 and Highway 66 intersection.
    • Suitable for immediate use or future development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Cass
    State
    Nebraska
    Longitude
    -96.165072923109
    Latitude
    40.995550771689

    Nearby Comparable

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      20 Acres South of Springfield

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 7.28 Acres, Prime Development Site
    Where is this land located?
    The property is located at 615 Hazel St Louisville, NE.
    What is the asking price?
    The asking price for this property is $766,000.
    What are key features of this property?
    This property features: 7.28-acre commercial land parcel in Louisville, NE, priced at $766,000.; Located on Highway 50, offering excellent highway frontage.; Zoned residential, presenting significant development potential.
    Request Owner's contact information
    615 Hazel St Louisville, NE 68037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    615 Hazel St Louisville, NE 68037
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