72nd St & Schram Rd Papillion, NE 68133

This exceptional commercial land offering in Papillion, Nebraska, presents a unique investment opportunity. Located at the highly desirable intersection of 72nd Street and Schram Road, near the bustling Shadow Lake Towne Center (home to 71 tenants), this property boasts a prime location in Douglas County, zip code 68133. The lot size ranges from 2.83 to 6.65 acres, offering flexibility for various multifamily development projects. A significant advantage is the inclusion of assumable non-recourse debt at a favorable 6.50% interest rate, significantly reducing upfront capital requirements. The land value is priced at $4.03 per square foot, which includes $2.16 per square foot of assumable debt. Lot 8 presents an additional opportunity to develop a silt basin. The 72nd and Highway 370 intersection, where this property is situated, is ranked the 40th most popular intersection in the Omaha/Council Bluffs metro area, ensuring high visibility and accessibility. This strategic location, combined with the attractive financing terms, makes this a compelling investment for developers seeking a high-potential multifamily project in a thriving Nebraska market. The property's coordinates are 41.130583 latitude and -96.019871 longitude.