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    220 31St Ave Omaha, NE 68131

    Sponsored
    For Lease
    $20 SF/Yr

    High-traffic restaurant & lounge, ample space.

    Lot size:
    21,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant and lounge space, totaling 21,890 square feet, is ideally situated at 220 S 31st Ave in Omaha, Nebraska, near the intersection of 31st Ave and Farnam Street. Currently featuring a multi-tenant occupancy, 3,134 square feet are currently vacant, presenting a unique opportunity for expansion or a new venture. The property sits on a sizable 24,611 square foot lot, providing ample outdoor space potential. The building is zoned MU (Mixed Use), offering flexibility for various culinary concepts, including the previously mentioned lounge or wine bar. Located in Douglas County, Nebraska, with a zip code of 68131, this property benefits from high visibility and accessibility. The substantial square footage allows for a large dining area, a fully equipped kitchen, and ample space for a bar and lounge area. This prime location offers significant potential for a thriving business. The existing infrastructure provides a solid foundation for immediate occupancy and operation. Serious inquiries are encouraged to explore this exciting opportunity.

    Property Features for 220 31St Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,890 SF
    Total Rate
    36483.33

    Unit(s) available at that property

    Space
    3108
    Size
    1,000 SF
    Rate per SF
    $20
    Space
    3105
    Size
    2,134 SF
    Rate per SF
    $20

    HighLights

    • Midtown Crossing hosts numerous popular events, drawing thousands of visitors.
    • Ample parking is available in two garages and on the street.
    • High daily pedestrian traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Mutual Of Omaha ... Bank Graze Craze Charcuterie ... Caterer Sofra Kitchen Restaurant Chef Around the Block ... Restaurant Forudad, LLC Apartment Rental Agency

    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
    -95.960346207245
    Latitude
    41.257809563796

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    FAQs

    What type of property is this?
    Restaurant - High-traffic restaurant & lounge, ample space.
    Where is this restaurant located?
    The property is located at 220 31St Ave Omaha, NE.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Midtown Crossing hosts numerous popular events, drawing thousands of visitors.; Ample parking is available in two garages and on the street.; High daily pedestrian traffic.
    Request Owner's contact information
    220 31St Ave Omaha, NE 68131
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    Omaha, NE 68131
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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
    220 31St Ave Omaha, NE 68131
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