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    3812 Farnam St Omaha, NE 68131

    Sponsored
    For Sale
    $1,169,000

    Prime Omaha bar, vacant, 5706 sq ft.

    Property size:
    5,706 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5,706 square foot vacant bar located at 3812 Farnam St in Omaha, Nebraska's vibrant Blackstone District presents a rare investment opportunity. Priced at $1,169,000 ($204.87/sq ft), the property offers significant potential for redevelopment or repurposing. Its strategic location offers immediate access to the new 3.5-mile streetcar line, connecting the University of Nebraska Medical Center (UNMC) campus to the central business district. The property benefits from its proximity to the UNMC campus expansion, a $5.4 billion redevelopment project expected to create over 7,500 jobs. Furthermore, the property sits within an Opportunity Zone, providing potential tax advantages. The parcel includes additional land, allowing for expansion possibilities such as building additions or patio areas. This is a unique chance to acquire a well-situated commercial property in a rapidly growing area of Omaha, within the 68131 zip code, in Douglas County. The property's vacant status allows for immediate customization to suit a new owner's vision. This prime location and development potential make this an attractive investment for discerning buyers.

    Property Features for 3812 Farnam St

    General Information

    Property type
    Restaurants
    Square Feet
    5,706 SF

    HighLights

    • $1,169,000 asking price for a vacant 5,706 SF retail bar.
    • Located at 3812 Farnam St, Omaha, NE 68131.
    • Price per square foot: $204.87.
    • Situated in Omaha's Blackstone District, near UNMC's $5.4B expansion project and a new streetcar line.
    • Additional land available for expansion; located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Car Hub Auto ... Auto Parts Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Omaha
    County
    Douglas
    State
    Nebraska
    Longitude
    -95.96956636
    Latitude
    41.25778929

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    FAQs

    What type of property is this?
    Restaurant - Prime Omaha bar, vacant, 5706 sq ft.
    Where is this restaurant located?
    The property is located at 3812 Farnam St Omaha, NE.
    What is the asking price?
    The asking price for this property is $1,169,000.
    What are key features of this property?
    This property features: $1,169,000 asking price for a vacant 5,706 SF retail bar.; Located at 3812 Farnam St, Omaha, NE 68131.; Price per square foot: $204.87.
    Request Owner's contact information
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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
    3812 Farnam St Omaha, NE 68131
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