70Th St Omaha, NE 68124

Property Details for 0 70Th St

Lot size

1.29 lot acres

Property type

Land

Description

This exceptional commercial land offering presents a unique investment opportunity in Omaha, Nebraska. Located at the Northeast corner of 70th and Grover Streets, this property boasts a flexible lot size ranging from 1.29 to 4.44 acres, providing ample space for various development projects. The land is zoned CC-ACI and is ideally situated just off 72nd Street and Interstate 80, ensuring excellent visibility and accessibility. The area is experiencing significant growth, with nearby developments including the new mixed-use MH Landing Development featuring three hotels (Home2Suites, Tru by Hilton, and Fairfield Inn & Suites), Macadoodles Fine Wine, Beer & Spirits, office buildings, and additional retail spaces. The property's proximity to Aksarben Village, Baxter Arena, UNO's South Campus, and the College of St. Mary further enhances its appeal. The surrounding area also includes over 1,400 apartments and 500 hotel rooms, indicating a strong demand for housing and commercial services. A significant addition to the neighborhood is a $60 million Class A multi-family development currently under construction, slated for completion in 2025, which will add 242 units with amenities such as underground parking, a resort-style pool, a recreational courtyard, and a fitness center. To further incentivize development, this property is eligible for Tax Increment Financing (TIF) through the City of Omaha. The land value is priced competitively at $20-$22 per square foot. This is a rare chance to acquire a strategically located parcel in a thriving Omaha neighborhood. The asking price for this exceptional property is $1,238,150.

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Longitude

-96.0207

Latitude

41.227