Omaha Ave Norfolk, NE 68701
- Neighborhood centers
- 11,400 SF
- 0.98 lot acres
Current Use by Public Records
- Neighborhood centers
Property Details for 0 Omaha Ave
- Year built
- 1989
- Lot size
- 0.98 lot acres
- Property size
- 11,400 SF
- Property type
- Neighborhood centers
- Property subtype
- Retail properties
Description
This exceptional retail investment opportunity presents a fully leased, 11,400-square-foot building situated on a 0.98-acre lot in Norfolk, Nebraska. Located at the hard corner of W Omaha Ave and Hwy 275 & S 9th Street, this property boasts excellent visibility and accessibility, benefiting from its prime location near major retailers such as HyVee, Menard's, Target, and TJ Maxx. The building, constructed in 1989, features six tenants including Michael's Cantina, Big Ren Keno, Selectel Wireless, and Essential Personnel, ensuring a 100% occupancy rate. The asking price is $1,295,000, translating to $113.60 per square foot. The property includes convenient front door parking and existing monument signage. Its I-1 zoning, within the Highway Corridor Overlay District, provides flexibility for future uses. Annual real estate taxes for 2023 were $14,592. This is a unique chance to acquire a well-established, high-performing retail center with strong tenant occupancy and a desirable location. The property's strategic placement and high visibility make it an attractive investment for discerning buyers seeking a stable and profitable commercial venture.
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
- Norfolk
- County
- Madison
- State
- Nebraska
- Longitude
- -97.4195
- Latitude
- 42.0183
