384 Co Rd Richland, NE 68601
- Commercial real estate
- 217,295 SF
- 4.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 384 Co Rd
- Year built
- 1998
- Lot size
- 4.50 lot acres
- Property size
- 217,295 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 384 Co Rd 1, Richland, NE 68601, presents a lucrative investment opportunity. The 4.5-acre lot encompasses four buildings totaling 217,295 square feet, constructed in 1998 and zoned for commercial use. The property boasts a strong net operating income (NOI) of $1,700,000, with an asking price of $3,200,000, resulting in a land value of $641,283 per acre. The business itself is a well-established and respected irrigation and snow removal company serving the Columbus, NE area, featuring a loyal customer base and experienced crew. Included in the sale are three semi-trucks, seven trailers of parts and equipment, numerous service trucks, snow removal trucks, tractors, sprinkler equipment, and snow removal equipment. The business also supplies liquid deicer and possesses two liquid applicator vehicles and two bulk salt applicator vehicles. This turnkey operation offers immediate growth potential and a substantial return on investment. The property's Class C designation and the existing infrastructure provide a solid foundation for continued success and expansion. The business has been operating successfully since 1981, demonstrating its longevity and market stability. This is a rare opportunity to acquire a profitable, established business with significant assets and a strong market presence. The property's APN is 0020906. Two gas pumps are also located on the property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richland
- County
- Colfax
- State
- Nebraska
- Longitude
- -97.2495
- Latitude
- 41.438
