501 13Th StOmaha, NE 68102

Property Details for 501 13Th St

Year built

1900

Lot size

0.22 AC

Property size (Sq ft)

14,116 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1907780307

APU

1907780307

Description

This exceptional restaurant property, located at 501 South 13th Street in Omaha, Nebraska, presents a unique investment opportunity. Boasting 6,776 square feet, this single-story building was constructed in 1967 and enjoys a prime location in the Old Market district. Its prominent downtown Omaha address places it within blocks of major attractions such as the CHI Health Center Omaha arena, the Holland Center, and the Orpheum Theatre. The property's proximity to Gene Leahy Mall further enhances its desirability. This location benefits significantly from the ongoing $300 million Riverfront Revitalization Program, promising continued growth and increased foot traffic. The building features a lower level, adding to its functional space. The current net operating income (NOI) stands at $99,000, making this a financially attractive proposition. The asking price for this established restaurant is $1,685,000. This is a rare chance to acquire a well-situated, income-generating property in a thriving Omaha neighborhood. The property's size, location, and strong NOI make it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $3,822,534

  6.5%

  $3,528,492

  7%

  $3,276,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,815,611

  Geo Method

  $1,815,611

• Alternative Use

  Use

  Valuation

  Residential

  $2,976,415

  Hospitality

  $2,726,380

  Educational

  $2,268,316

  Medical

  $2,346,328

  Retail

  $3,528,492

Location Insight

City

Omaha

County

Douglas

State

Nebraska

Latitude

41.2641

Longitude

-95.9328

CBSA code

36540

CBSA name

OMAHA-COUNCIL BLUFFS, NE-IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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